Exercise 7-29 Retail; CVP Analysis with Multiple Products (LO 7-1, 7-2, 7-5) 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 Sales Invoice Price Sales Commission $100 ProductType High-quality $1,450 Medium- quality Cost $640 420 720 90 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $201,000. (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 $100,500? Assume a constant sales mix