714 points Skipped ellook References Problem 6-18 (Algo) Variable and Absorption Costing Unit Product Costs and Income Statements [LO6-1, LO6-2] 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 $.27 $14 56 $1 $510,000 $210,000 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 $60 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. 50 kipped eBook Hint 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. eferences Req 1 Req 2A Req 2B Req 3A Req 38 Compute the company's break-even point in unit sales. Break-even unit sales units Reg 1 Req 2A > 7 LO 5 ints Skipped eBook Hint 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. References Req 1 Reg 2A Req 2B Req 3A Req 38 Compute the unit product cost for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Year 2 Year 11 Unit product cost Year 31 7.14 points Skipped eBook Hint References Req 1 Req 2A Req 2B Req 3A Req 3B Prepare an income statement for Year 1, Year 2, and Year 3. Assume the company uses variable costing. Net operating income (loss) Haas Company Variable Costing Income Statement Year 1 Year 2 Year 3 5 its Skipped 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. eBook Hint Req 1 Req 2A Req 2B Req 3A Req 38 References 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.) Year 1 Year 2 Year 3 Unit product cost < Req 2B Req 3B > 714 points Skipped 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. eBook Hint Req 1 Req 2A Req 28 Req 3A Req 38 References 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.) Haas Company Absorption Costing Income Statement Year 1 Net operating income (loss) < Req 3A Year 2 Year 3