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managerial accounting- Variable Costing and Budgeting Haas Compary monutactures and sells one procluct. The following intorrsation pertains to each of the company's first three years
managerial accounting- Variable Costing and Budgeting
Haas Compary monutactures and sells one procluct. The following intorrsation pertains to each of the company's first three years of operations: Duing its first yeat of operations, Haas produced 60,000 unts and sold 60,000 unts During its sticond year of operations, it produced 75,000 units and sold 50.000 units in its third year, Haas produced 40,000 units ind sold 65,000 units. The selling price of the company is product is $64 per unit. Required: 1. Compute the company's break-even point in units sold. 2. Assume the company uses vanable costing: a. Compute unit product costs for Year 1 Year 2 and Year 3 b. Prepare an incomve statement for year 1, year 2 and year 3 3. Assume the company uses abworption costing b. Prepare an income statement for year 1, year 2, and year 3. (Round your intermediate calculations to 2 decimal places.) 4. This part of the question is not part of your Connect assignment Step by Step Solution
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