Question: #3, need help on required 1,2A,2B, 3A, 3B Problem 7-18 (Algo) Variable and Absorption Costing Unit Product Costs and Income Statements [LO7-1, LO7-2] Haas Company

#3, need help on required 1,2A,2B, 3A, 3B
#3, need help on required 1,2A,2B, 3A, 3B Problem 7-18 (Algo) 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: 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.

Problem 7-18 (Algo) 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: 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, Has produced 40,000 units and sold 65,000 units. The selling price of the company's product is $52 per unit. Required: 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. Complete this question by entering your answers in the tabs below. Compute the company's break-even point in unit sales. Complete this question by entering your answers in the tabs below. Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Complete this question by entering your answers in the tabs below. Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round your intermediate calculations and final answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses absorption costing. (Round your intermediate calculations to 2 decimal places.)

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