Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Sales Sales Price $1,250 620 Invoice Product Type High-quality Medium-quality Commission Cost $540 320 $80 70 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $191,400. (In the following requirements, ignore income taxes.) Required: 1. Compute the unit contribution margin for each product type. 2. What is the shop's sales mix? 3. Compute the weighted-average unit contribution margin, assuming a constant sales mix. 4. What is the shop's break-even sales volume in dollars? Assume a constant sales mix 5. How many bicycles of each type must be sold to earn a target net income of $99,000? Assume a constant sales mix Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 3 Required 5 Compute the unit contribution margin for each product type. Unit Contribution Bicycle Type Margin High-quality Medium-quality Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Sales Commission $80 70 Invoice Sales Product Type High-quality Medium-quality Price $1,250 620 Cost $540 320 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $191,400. (In the following requirements, ignore income taxes.) Required: 1. Compute the unit contribution margin for each product type 2. What is the shop's sales mix? 3. Compute the weighted-average unit contribution margin, assuming a constant sales mix 4. What is the shop's break-even sales volume in dollars? Assume a constant sales mix. 5. How many bicycles of each type must be sold to earn a target net income of $99,000? Assume a constant sales mix. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the weighted-average unit contribution margin, assuming a constant sales mix. (Round your answer to 1 dec place.) Weighted-average unit contribution margin Required 2 Required 4 Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Invoice Sales Price $1,250 620 Sales Product Type High-quality Medium-quality Commission $80 7C Cost $540 320 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $191,400. (In the following requirements, ignore income taxes.) Required: 1. Compute the unit contribution margin for each product type 2. What is the shop's sales mix? 3. Compute the weighted-average unit contribution margin, assuming a constant sales mix. 4. What is the shop's break-even sales volume in dollars? Assume a constant sales mix 5. How many bicycles of each type must be sold to earn a target net income of $99,000? Assume a constant sales mix Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 2 Required 4 Required 5 What is the shop's break-even sales volume in dollars? Assume a constant sales mix .... ***ns* Break-even sales volume Required 3 Required 5 Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Sales Price $1,250 620 Invoice Sales Commission $80 70 Product Type High-quality Medium-quality Cost $540 320 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $191,400. (In the following requirements, ignore income taxes.) Required: 1. Compute the unit contribution margin for each product type. 2. What is the shop's sales mix? 3. Compute the weighted-average unit contribution margin, assuming a constant sales mix 4. What is the shop's break-even sales volume in dollars? Assume a constant sales mix. 5. How many bicycles of each type must be sold to earn a target net income of $99,000? Assume a constant sales mix Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 ************. How many bicycles of each type must be sold to earn a target net income of $99,000? Assume a constant sales mix. .. . Number of Bicycle Type Bicycles High-quality Medium-quality Required 4 Required 5