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please answer question 1-3b. Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations:
please answer question 1-3b.
Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: During its first year of operations. Hoas 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 thicd year, Haas produced 40,000 units and sold 65,000 units. The seling price of the company's product is $58 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 Step by Step Solution
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