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 Product Type High-quality Medium-quality Invoice Cost $490 270 Sales Commission $70 60 $1,150 570 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $196,500. (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 $98,250? Assume a constant sales mix