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: Product Type High-quality Medium-quality Sales Price $ 1,100 650 Invoice Cost Sales Commission $ 600 320 $ 60 40 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $150,650. (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. es Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 What is the shop's sales mix? Bicycle Type High-quality Medium-quality Sales Mix % % < Required 1 Required 3 >