Problem 7-18 Variable and Absorption Costing Unit Product Costs and Income Statements (L07-1, L07-2] Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: d $ Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 24 16 4 1 k $ $ 220,000 $ 140,000 at ) -nces During its first year of operations, Haas 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, Haas produced 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 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 Reg 2B Req Req3B Compute the company's break-even point in unit sales. Break-even unit sales units Problem 7-18 Variable and Absorption Costing and Income Statements [LO7-1, LO7-2] Haas Company manufactures and sells one product. The following information pertain to each of the company's first three years of operations: Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 24 16 4 1 - $ 220,000 $ 140,000 During its first year of operations, Haas 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, Haas produced 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 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 Reg 2A Reg 28 Reg 3A Req3B 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 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 Reg 2A Req 2B Req Req 3B Prepare an income statement for Year 1. Year 2, and Year 3. Assume the company uses variable costi Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 0 0 0 0 0 0 0 Net operating income (loss) DO Oo $ $ $ 0 Problem 7-18 Variable and Absorption Costing Unit Product Costs and Income Statements [LO7-1, LO7-2] 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 unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ $ $ 24 16 4 1 $ 220,000 $ 140,000 During its first year of operations, Haas 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, Haas produced 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 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 Reg 2B Reg 3A Req 3B Compute the unit product cost for Year 1 Year 2, and Year 3. Assume the company uses absorption costi calculations and final answers to 2 decimal places.) Year 1 Year 2 Year 3 Unit product cost Problem 7-18 Variable and Absorption Costing Unit Product Costs and Income Statements (L07-1, LO7-2] 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 unit: Manufacturing Direct materials Direct labor Variable manufacturing over head Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 24 16 4 1 5 $ 220,000 $ 140,000 During its first year of operations, Haas 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, Haas produced 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 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. Req1 Reg 2 Req 28 Reg 3A Reg 38 Prepare an income statement for Year 1. Year 2. and Year 3. Assume the company uses absorption costie calculations to 2 decimal places) Haas Company Absorption Costing Income Statement Year 1 Year 2 Year 3 0 0 Net operating income (loss) $ 0 $ 0 $ 0