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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 cost 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 cost per units Manufacturing Direct materiale Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year. Tixed anotacturing overhead Tixed selling and administrative expenses 22 14 5 3 5 $270,000 $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 $52 per unit Required: 1. Compute the company's break-even point in units sold. Brise-ventes units 2. Assume the company uses variable costing: a. Compute unit product costs for Year 1. Year 2, and Year 3. Year 1 Year 2 Year 3 Unit product cost b. Prepare an income statement for year 1, year 2, and year 3. Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 Variable expenses: Total variable expenses Total variable expenses Fixed expenses Total food expenses Net operating income (loss) 3. Assume the company uses absorption costing: a. Compute unit product costs for Year 1, Year 2, and Year 3. (Round your intermediate and final answers to 2 decimal places.) Year 1 Yoar 2 Year 3 Unit product cost b. Prepare an income statement for year 1. year 2, and year 3. (Round your intermediate calculations to 2 decimal places.) Haas Company Absorption Costing Income Statement Year 1 Year 2 Year Not operating income (loss) 4. This part of the question is not part of your Connect assignment

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