Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: A ta 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 t4 t4 $ 440,000 $ 200,000 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 $66 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. & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req Req 3B Compute the company's break-even point in unit sales. Break-even unit sales 40,000 units & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Req 3B Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Year 1 $ 49 Year 2 $ 49 Year 3 $ 49 Unit product cost X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Year 3 Haas Company Variable Costing Income Statement Year 1 Year 2 Sales 2,640,000 1,980,000 Variable expenses: Variable cost of goods sold 1,960,000 1,617,000 X Variable selling and 40,000 30,000 administrative 2,970,000 2,058,000 X 45,000 200 2,000,000 640,000 1,647,000 333,000 2,103,000 867,000 Total variable expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 440,000 200.000 440,000 200.000 440,000 200,000 640,000 640,000 640,000 Total fixed expenses Net operating income (loss) $ 0 307.000) $ 227,000 & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Req 3B 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.) Unit product cost Year 1 $ 60.00 Year 2 $ 57.00 Year 3 $ 71.00 & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Req 3B 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.) 190 Haas Company Absorption Costing Income Statement Year 1 Year 2 Sales 2.640.000 11 980 000 Cost of goods sold 2,400,000 1,881,000 X Contribution margin 240,000 99,000 Selling and administrative expenses 240,000 230,000 Net operating income (loss) 0 434.000) Year 3 $ 2,970,000 2,674,000 X 296,000 485,000 X (189,000) X