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: Product Type Sales Price Invoice Cost Sales Commission High-quality $ 2,000 $ 1,050 $ 110 Medium-quality 1,100 770 40 Three-quarters of the shop’s sales are medium-quality bikes. The shop’s annual fixed expenses are $239,400. (In the following requirements, ignore income taxes.) Required: Compute the unit contribution margin for each product type. What is the shop’s sales mix? Compute the weighted-average unit contribution margin, assuming a constant sales mix. What is the shop’s break-even sales volume in dollars? Assume a constant sales mix. How many bicycles of each type must be sold to earn a target net income of $128,250? Assume a constant sales mix.