Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: 27 Variable conta 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 1 $ 510,000 $ 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 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. Req? Reg 2A Reg 20 Reg 3A Reg 38 During its first year of operations, Haas produced 60,000 units and sold 60,000 units. During its second yea produced 75,000 units and sold 50,000 units. In its third year, Haas produced 40,000 units and sold 65,000 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 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. 54:16 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Reg 3A Reg 3B Compute the company's break-even point in unit sales. Break-even unit sales units GA 2 During its first year of operations, Haas produced 60,000 units and sold 60,000 units. During its sec produced 75,000 units and sold 50,000 units. In its third year, Haas produced 40,000 units and sold the company's product is $60 per unit. 5 Ints 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. 00:54:13 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Red 2B Reg 3A Req 3B Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Year 1 Year 2 Year 3 Unit product cost Rog1 Req 2B Complete this question by entering your answers in the tabs below. 2. Reg 1 Req 2A Req 2B Req 3A Reg 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing. 7.5 points Haas Company Variable Costing Income Statement Year 1 3 00:54:09 Year 2 Year 3 + Net operating income (loss) Saved 2 During its first year of operations, Haas produced 60,000 units and sold 60,000 units. During its second produced 75,000 units and sold 50,000 units. In its third year, Haas produced 40,000 units and sold 65 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 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. 7.5 points 00:54:06 Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 2B Req Req 3B Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses absorption costing intermediate calculations and final answers to 2 decimal places.) Year 1 Year 2 Year 3 Unit product cost M TLF... N... .. > OFE... 0-904 GO WIENE Saved QUIZ - CH 06 0 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. 2 Complete this question by entering your answers in the tabs below. 7.5 points Reg 1 Req 2A Req 2B Req 3A Reg 3B 00:54:02 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 Yeart Year: Net operating income (loss)
