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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: 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. Requlred: 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. Compute the company's break-even point in unit sales. 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, 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. Compute the unit product cost for Year 1 , Year 2 , and Year 3. Assume the company uses variable costing. Problem 6-18 (Algo) Varlable and Absorptlon Costing Unit Product Costs and Income Statements [LO6-1, LO6-2] Hass 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, Hass produced 60,000 units and sold 60,000 units. During its second year of operstions, it produced 75,000 units and sold 50,000 units. In its third year, Hass produced 40,000 units and sold 65,000 units. The selling price of the compony's product is $57 per unit. Required: 1. Compute the company's break-even point in unit sales. 2. Assume the company uses veriable costing: a. Compute the unit product cost for Year 1, Year 2, and Year 3. b. Prepore an income statement for Year 1 , Year 2 , and Year 3 . 3. Assume the company uses absorption costing: o. Compute the unit product cost for Yesr 1, Yesr 2, and Year 3. b. Prepare an income statement for Year 1, Year 2 , and Yesr 3. 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 variable costing. 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: 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. 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.) 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: 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 varlable 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. 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.)