Hoas company manu actures and seus one product me onowing informaron pertains to each of the company srst ree years or operations: Variable costs per unit: Manufacturing: Direct materials $ 24 Direct labor $ 16 Variable manufacturing overhead $.4 Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead $ 220,000 Fixed selling and administrative expenses $ 140,000 During its first year of operations. Hoas 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, Hoas prodced 20,000 units and sold 45,000 units. The selling price of the company's product is $54 per unit Required: 1. Compute the company's break-even point in unit soles. 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. produced 55,000 units and sold 30,000 units. In its third year, Haas produced 20, the company's product is $54 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req Req 3B Compute the company's break-even point in unit sales. Break-even unit sales units Reg 1 Req 2A rint Complete this question by entering your answers in the tabs below. rences Reg 1 Req 2A Reg 2B Req Reg 38 Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Year 1 Year 2 Year 3 Unit product cost Req1 Req 2A Req 2B Req 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 ces 0 0 0 0 0 0 0 0 0 Net operating income (loss) $ 0 $ 0 $ 0 eBook Reg 1 Reg 2A Req 2B Reg 3A Reg 3B Hint Print Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (RC intermediate calculations to 2 decimal places.) References Haas Company Absorption Costing Income Statement Year 1 Year 2 Year 3 0 0 0 Net operating income (los) $ 0$ 0 $ 0
