$7$ Homework i

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Req $1,$Req $2$A$,$Req $2$B$,$Req $3$A $3$BProblem $7-18($Algo$)$ Variable and Absorption Costing Unit Product Costs and Income Statements $[$LO$7-1,$ LO$7-2]$ Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: During its first year of operations, Haas produced $60,000$ units and sold $60,000$ units. During its second year of operations, it produced $75,000$ units and sold $50,000$ units. In its third year, Haas produced $40,000$ units and sold $65,000$ units. The selling price of the company's product is $\backslash (\backslash$$ $58\backslash )$ per unit. Required: $1.$ Compute the company's break$-$even point in unit sales. $2.$ Assume the company uses variable costing: a$.$ Compute the unit product cost for Year $1,$ Year $2,$ and Year $3.$ b$.$ Prepare an income statement for Year $1,$ Year $2,$ and Year $3.3.$ Assume the company uses absorption costing: a$.$ Compute the unit product cost for Year $1,$ Year $2,$ and Year $3.$ b$.$ Prepare an income statement for Year $1,$ Year $2,$ and Year $3.$ Complete this question by entering your answers in the tabs below.