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 adninistrative Fixed costs per years Fixed manufacturing overhead Fixed selling and administrative expenses 29 21 9 $ $ 420,000 $ 180,000 During its first year of operations, Haos 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, Hoas produced 40,000 units and sold 65,000 units. The selling price of the company's product is $72 per unit Required: 1 Compute the company's break-even point in unit sales 2. Assume the company uses variable costing 0. 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 Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 Sales $ 4,320,000 $ 3,600,000 $ 4,680,000 Variable expenses: Variable cost of goods sold 3,540,000 Variable selling and administrative 180,000 0 3,720,000 600,000 3,600,000 4,680,000 7 Total variable expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 0 0 Net operating income (loss) $ 600,000 $ 3,600,000 $ 4,680,000 Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Reg 2B Reg 3A Reg 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round Intermediate calculations to 2 decimal places.) Haas Company Absorption Costing Income Statement Year 1 Year 2 Year 3 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income (loss) 0 0 $ 0 $ 0 $ 0