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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: Three-quarters of

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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: Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $65,000. (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 $48.750 ? Assume a constant sales mix. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What is the shop's break-even sales volume in dollars? Assume a constant sales mix. (Do not round intermediate calculations.) Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $65,000. (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 $48,750 ? Assume a constant sales mix. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. How many bicycles of each type must be sold to earn a target net income of $48,750 ? Assume constant sales mix. (Do not round intermedlate calculations.)

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