Book Hint + Print D ferences 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 materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $20 $12 $ 4 $2 $960,000 $ 240,000 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 $58 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. Homework Assignment i Saved Prepare an income statement for year 1, year 2, and year 3. Assume the company uses variable costing. Haas Company Variable Costing Income Statement Sales Variable expenses: Variable cost of goods sold Variable selling and administrative Total variable expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Year 1 $ 3,480,000 Year 2 Year 3 0 0 0 3,480,000 0 Total fixed expenses 0 0 0 Net operating income (loss) $ 3,480,000 $ 0 $ 0 < Req 2A Req 3A > ces Complete this question by entering your answers in the tabs below. Req 1 Req 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 < Req 3A Red 38