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 Bigh-quality Medium-quality Sales Price $1,350 670 Invoice Cost $590 370 Sales Commission $40 90 Three-quarters of the shop's sales are medium quality bikes. The shop's annual fixed expenses are $158,700. (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 $103,500? 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 sales mix? Sales Mix Bicycle Type 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: Product Type High-quality Medium-quality Sales Price $1,350 670 Invoice Cost $590 370 Sales Commission $40 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $158,700. (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 $103,500? 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 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: Product Type High-quality Medium-quality Sales Price $1,350 670 Invoice Cost $590 370 Sales Commission $40 80 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $158,700. (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 $103,500? 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 How many bicycles of each type must be sold to earn a target net income of $103,500? Assume a constant sales mix. Bicycle Type Number of Bicycles High-quality Medium-quality
