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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 costs per unit:

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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 costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Pixed costs per year Tixed manufacturing overhead Fixed selling and administrative expenses $ $ $ $ 24 16 7 2 $ 120,000 $ 60,000 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 $52 per unit. Complete this question by entering your answers in the tabs below. Reg 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 cos Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 Sales Variable expenses: Variable cost of goods sold Variable selling and administrative 0 0 0 0 0 0 Total variable expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 0 0 Total fixed expenses Net operating income (loss) 0 0 $ 0 0 NA Reg 1 Reg 2A Req 2B Req 3A Reg 3B Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Rou intermediate calculations and final answers to 2 decimal places.) Year 1 Year 2 Year 3 Unit product cost 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. Req 1 Req 2A Req 2B Req Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing 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

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