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 $1,900 1,050 Invoice Cost $1,000 Sales Commission $100 720 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $229,500. (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 $127,500? 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 unit contribution margin for each product type. Unit Contribution 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 $127.500? Assume Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the unit contribution margin for each product type. Bicycle Type Unit Contribution Margin High-quality Medium-quality Required: Required 2 > Help Save & Exit Submit THES YOU ENJUNJUMIY MINST 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 $127,500? Assume a constant sales mix. Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 3 Required 4 Required 5 What is the shop's sales mix? Sales Mix Bicycle Type High-quality Medium-quality Submit pter 0 Saved Help Save & Exit Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $229,500. (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 $127,500? 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 decimal place.) Weighted average unit contribution margin Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $229,500. (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 $127,500? 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 What is the shop's break-even sales volume in dollars? Assume a constant sales mix. Break-even sales volume 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 $127,500? 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 $127,500? Assume a constant sales mix. Number of Bicycles Bicycle Type High-quality Medium-quality
