I completed question 1 and 2a but I need help with the rest please. Thank you!
C 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 uniti Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expenses $ $ $ $ 26 18 G 3 $ 390,000 $ 158,000 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 65000 units. The selling price of the company's product is $62 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 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. Reg 1 Req 2A Req 2B Req 3A Req 3B Compute the company's break-even point in unit sales. Break-even unit sales 60,000 units 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 unit product cost for Year 1, Year 2, and Year 3. Assume the compan Year 1 Year 2 Year 3 $ 50 $ 50 Unit product cost $ 50 $ Req 1 Req 2A Req 2B GELEDE Req 3A Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the compa Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 Sales $ 3,720,000 $ 3,100,000 $ 4,030,000 Variable expenses Variable cost of goods sold 0 0 0 4,030,000 3,720,000 3,100,000 0 0 0 Net operating income (loss) $ 3,720,000 $ 3.100,000 $ 4,030,000 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 unit product cost for Year 1, Year 2, and Year 3. Assume the company intermediate calculations and final answers to 2 decimal places.) Year 1 Year 2 Year 3 Unit product cost 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 33 Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses abson intermediate calculations to 2 decimal places.) Haas Company Absorption Costing Income Statement Year 1 Year 2 Year 3 0 0 0 Net operating income (loss) $ 0 $ 05 0
