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! Feedinufacturing overhead fixed selling and administrative expenses $ 28 $20 $14 53 $ 210,000 $ 150,000 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 $61 per unit Required: 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 s. Compute the unit product cost for Year 1 Year 2. and Year 3 b. Prepare an income statement for Year Year 2, and Year 3 & Answer is not complete. Complete this question by entering your answers in the tabs below. R2 Reg 28. Red Res 38 Prepare an incometatemant for Year 1 Year and the compass Absorption conting and your ha 1 Wixed manufacturing overhead Fixed selling and administrative expenses $ 210,000 $ 150,00 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 $61 per unit. 25 points 2005:51 Required: Compute the company's break-even point in unit sales. 2. Assume the company uses variable cosung: 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Res 1 Reg 2A Reg 28 Reg 3 Rece Compute the unit product cost for Year 1. Year 2. and Year 3. Assume the company uses variable costing. Year Year 2 Year 3 55 3560.000 S 30,000 (Urkonduct.com Reg 21 > Complete this question by entering your answers in the tabs below. Req1 Reg 2A Reg 28 Reg 3 Reg 36 25 point Prepare an income statement for Year 1. Year 2, and Year 3. Assume the company uses variable costing. OL05:36 Haas Company Variable Costing Income Statement Year Year? IS IS 3.800.000 3.050.000 Years IS 3.985,000 Sales Variable expenses: 3,330,000 $2,740,000. 3.680,000 X Total vanable expenses Contribution margin GIS 3.330.000 330.000 3,740.000 310.000 3.000.000 305,000 330.000 180.000 310.000 150.000 305.000 $ 195 000 Poexpenses 50.000 0.000 800.000 180.000 0 000 185520 KORRA ar 125 points % Answer is not complete. 01:05:20 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Reg 3A Reg 38 Prepare an income statement for Year 1. Year 2, and Year 3. Assume the company uses absorption costing, (Round your intermediate calculations to 2 decimal places Has Company Absorption Costing Income Statement Yeart Year 2 Year 3 S Sales 3,060 000 3.050.000 s 3.000.000 2 Cost of goods sold 3.330.000 740.000 2.800.000 Gross marg 330,000 310.000 305.000 Selling and administrative expenses 180,000 180.000 110.000 Net operating income oss 15180.000 550.000 9 190.000 KIRAN
