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7hw-4 Haas Company manufactures and sells one product The following information pertains to each of the company's first three years of operations $ Variable costs
7hw-4
Haas Company manufactures and sells one product The following information pertains to each of the company's first three years of operations $ Variable costs per unit: Manufacturing Direct baterials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 29 21 5 1 $ $ $ 330,000 $ 150,000 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 $64 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. Reg 1 Reg 2A Reg 28 Reg 3 Reg 38 Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round your During its first year of operations, Hoas 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 $64 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. Reg 1 Reg 2A Reg 2B Reg 3A Req30 Compute the companiy's break even point in unit sales Break even unit sales units Reg 2A > y uses du 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. Req1 Reg 2A Reg 28 Reg Reg 38 Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses variable costing Year 1 Year 2 Year 3 Unit product cost ( Req1 Reg 28 > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Req 3A Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses vanable costing. Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 0 0 0 0 0 0 0 0 oo Net operating income (oss) S 0 $ 0 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 $64 per unit Required: 1. Compute the company's break even point in unit sales 2. Assume the company uses varioble 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. Reg 1 Red 2A Reg 28 RegJA Reg 38 Compute the unit product cost for Year 1 Year 2, and Year 3. Assume the company uses absorption costing, (Round your intermediate calculations and final answers to 2 decimal places.) Year 1 Year 2 Year 3 Unit product cost 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. Reg 1 Reg 2A Req 2B Req 3A Req 38 Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round your intermediate calculations to 2 decimal places.) Haas Company Absorption Costing Income Statement Year 1 Year 2 Year 3 0 0 0 Net operating income (loss) $ 0 $ 0$ 0 Step by Step Solution
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