Question # 4 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 2` Direct Labor Variable manufacturing overhead Variable selling and administrative Fixed Costs PER Year ! Fixed manufacturing overhead 5 4 80 , OOD Fixed selling and administrative EXPENSES* 5 360 , 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 65, 000 units . The selling price of the company's product is $57 per unit .Haas Company Absorption Costing Income Statement Year 1 Year 2 Year 3 Net operating income (loss)