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 Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ $ $ 21 13 4 2 $ 330,000 $ 150,000 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 $52 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. Req 1 Reg 2A Req 2B Reg Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses v Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 Sales $ 2,080,000 $ 1,560,000 $ 2,340,000 Variable expenses: Variable cost of goods sold 1,520,000 1,140,000 1,710,000 90,000 Variable selling and administrative 80,000 1,600,000 480,000 60,000 1,200,000 360,000 90,000 1,890,000 450,000 Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Total fixed expenses Net operating income (loss) (330,000) 330,000 330,000 (150,000) 150,000 150,000 (480,000) 480,000 480,000 0 $ 120,000) $ (30,000)