Department of Accounting Mark A. Torossian, CPA Lubin School of Business ACC 204- CRN 20812 Hass Company manufactures and sells one product. The following information pertains to each of the com Variable costs per unit Manufacturing Direct Materials Direct Labor Variable Manufacturing Overhead $12 $4 $2 Variable selling & administration Fixed costs per year Fixed Manufacturing Fixes selling & administration $960,000 $240,000 Year 1 Year 3 # of Units Sold Year 2 50,000 75,000 65,000 40,000 60,000 Producecd The selling price per unit is $58 Required: 1) Compute the company's break even point in unit sales 2) Assume the company uses variable costing: a. b. Compute the product unit cost for Year 1, Year 2, and Year 3 Prepare an income statement for Year 1, Year 2, and Year 3 3) Assume the company uses absorption costing: a. b. Compute the product unit cost for Year 1, Year 2, and Year 3 Prepare an income statement for Year 1, Year 2, and Year 3