Hi I need help with this, thanks.
Complete this question by entering your answers in the tabs below. Problem 6-18 (Algo) Variable and Absorption Costing Unit Product Costs and Income Statements [LO6-1, LO6-2] Req 1 Req 2A Req 2B Req 3A Req 3B Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round your intermediate calculations and final answers to 2 decimal places.) Variable costs per unit: nufacturing: Year 1 Year 3 Direct labor 5 5 Unit product cost Variable selling and d administrative Fixed cos xed manufacturing
Fixed selling and administrative expenses $ 440,006 $ 200,006 During its first year of operations, Haas produced 40, produced 55,000 units and sold 30 090 :300 units and sold 40.000 units. During its second year of operations, it the company's product is $66 per unit. units. In its third year, Haas produced 20,000 units and sold 45,000 units. The selling price of 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: a. Compute the unit product cost for Year 1, Year 2, and Year 3. Prepare an income statement for Year 1, Year 2, and Year 3. Req 1 Req 2A Req 2B Req 3A Req 3B Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round your diate calculations to 2 decimal places.) Req 1 Reg ZA Req 2B Req 3A Req 3B Haas Company Absorption Costing Income Statement Compute the company's break-even point in unit sales Year 1 Year 2 Year 3 units Req 2A > Net operating income (loss) Req 1 Req 2A Req 2B Req 3A Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 Net operating income (loss)