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Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costa per units

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Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costa per units Manufacturing: Direct materials $ 27 Direct labor $ 14 Variable manufacturing overhead $ 6 Variable selling and administrative $1 Pixed costs per year! Fixed manufacturing overhead $ 510.000 Fixed selling and administrative expenses $ 210,000 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 $60 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 fo[ 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 2and 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 3A Reg 38 Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing, Haas Company Variable Costing Income Statement SHE NI Help Save & CH Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 28 Req Req 38 Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 Sales Variable expenses 60 25 60 0 0 Variable cost of goods sold Variable selling and administrative Total variable expenses Contribution margin Fixed expenses (60) 0 0 0 Fixed manufacturing overhead Fixed selling and administrative Total fixed expenses Net operating income foss) 0 0 0 $ 0 $ (60) $ Reg 2A RegSA > Prev 1 of 2 Next > HE

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