Haas Company manufactures and sells one product The following information pertains to each of the companys first three years of operations Variable costs per unit Manufacturing Direct materials $ 24 Direct labor $ 16 Variable manufacturing overhead $ 4 Variable selling and administrative $ 1 Fixed costs per year Fixed manufacturing overhead $ 220,000 Fixed selling and administrative expenses $ 140,000 During its first year of operations, Haas produced 40,000 units and sold 40,000 units During its second year of operations, it produced 55,000 units and sold 30,000 units In its third year, Haas produced 20,000 units and sold 45,000 units The selling price of the companys product is $54 per unit Required 1 Compute the companys 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 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 $ $ $ $ 24 16 4 1 $ 220,000 $ 140,000 During its first year of operations, Haas produced 40,000 units and sold 40,000 units During its second year of operations, it produced 55,000 units and sold 30,000 units In its third year, Haas produced 20,000 units and sold 45,000 units The selling price of the company's product is $54 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

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Haas Company manufactures and sells one product  The following information pertains to each of the companys first three years of operations  Variable costs per unit  Manufacturing  Direct materials $ 24 Direct labor $ 16 Variable manufacturing overhead $ 4 Variable selling and administrative $ 1 Fixed costs per year  Fixed manufacturing overhead $ 220,000 Fixed selling and administrative expenses $ 140,000 During its first year of operations, Haas produced 40,000 units and sold 40,000 units  During its second year of operations, it produced 55,000 units and sold 30,000 units  In its third year, Haas produced 20,000 units and sold 45,000 units  The selling price of the companys product is $54 per unit  Required  1  Compute the companys 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  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 $ $ $ $ 24 16 4 1 $ 220,000 $ 140,000 During its first year of operations, Haas produced 40,000 units and sold 40,000 units  During its second year of operations, it produced 55,000 units and sold 30,000 units  In its third year, Haas produced 20,000 units and sold 45,000 units  The selling price of the company's product is $54 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

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Haas Company manufactures and sells one product. The following information pertains to each of the companys first

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Managerial Economics and Business Strategy

Haas Company manufactures and sells one product. The following information pertains to each of the companys first

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Managerial Economics and Business Strategy

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