Haas Company mariufactures and sells one product. The following information pertains to each of the company's...

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Haas Company mariufactures and sells one product. The following information pertains to each of the company's first three years of operations Varlable costs per uniti Hanuf acturing virect materials Direct laboe Varlable manutecturing overhead Vartahle selling and adninistrative PAxed costs per year Fined manufactur Ing overtead Pied selling and adninistrative expenses 27 14 1. $ S10, 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 statemnent 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 Fleg 2A Reg 28 Reg 3A Reg 38 Haas Company mariufactures and sells one product. The following information pertains to each of the company's first three years of operations Varlable costs per uniti Hanuf acturing virect materials Direct laboe Varlable manutecturing overhead Vartahle selling and adninistrative PAxed costs per year Fined manufactur Ing overtead Pied selling and adninistrative expenses 27 14 1. $ S10, 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 statemnent 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 Fleg 2A Reg 28 Reg 3A Reg 38

Answer rating: 100% (QA)

Ans Req 1 Breakeven unit sales 60000 units Working Notes Breakeven unit salesFixed expenses Contribution margin per unit Fixed expenses510000 210000720000 Per Unit Selling price 60 Less Variable Cost ... View the full answer