question 5

part 1

part 2

part 3

part 4

part 5

Che 5 Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations 8.013653 B00W Variable costs per unit Manufacturing Direct materials 5.25 Direct labor $ 12 Variable manufacturing overhead $4 Variable selling and administrative 52 Fixed costs per year Vixed manufacturing overhead $ 450,000 Fixed selling and administrative expenses $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 557 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 6. Prepare an income statement for Year 1 Year 2 nd Year 3 3. Assume the company uses absorption costing compute the unit product cost for Year 1 Year 2 nd Year 3 Prepare an income statement for Yeart Year 2 and Year 3 5 13635 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. 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. Regt Reg 2A Reg 2B Reg 3A Reg38 Compute the company's break-even point in unit sales Break-un unit sales units Req2A > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Req Req 3B 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 Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Haas Company Variable Costing Income Statement Year 1 54 Year 2 Year 3 y Net operating Income (105) Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Reg 28 Req 3A Reg 3B Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses absorption costing intermediate calculations and final answers to 2 decimal places.) Year 1 Year 2 Year 3 Unit product cost Req 2B Req3B > Req 1 Req 2A Req 28 Req 3A Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round y intermediate calculations to 2 decimal places.) Haas Company Absorption Costing Income Statement Year 1 Year 2 Year 3 Net operating income (loss)