Problem 8-17 Variable and Absorption Costing Unit Product Costs and Income Statements [L01, LO2, LO3, L04] Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: 20 points Skipped Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 20 12 3 eBook $390,000 $210,000 References During its first year of operations, Haas produced 50,000 units and sold 50,000 units. During its second year of operations, it produced 65,000 units and sold 40,000 units. In its third year, Haas produced 30,000 units and sold 55,000 units. The selling price of the company's product is $48 per unit. Required: 1. Compute the company's break-even point in units sold. Break-even unit sales units 2. Assume the company uses variable costing: a. Compute the unit product cost for year 1, year 2, and year 3. Year 1 Year 2 Year 3 20 Unit product cost points Skipped b. Prepare an income statement for year 1, year 2, and year 3. eBook Haas Company Variable Costing Income Statement Year 1 Year 2 References Year 3 Variable expenses: Total variable expenses 0 0 000 Fixed expenses: Total fixed expenses: Net operating income (loss) 000 0 $ 0 3. Assume the company uses absorption costing: a. Compute the unit product cost for year 1, year 2, and year 3. (Round your intermediate and final answers to 2 decimal places.) 20 points Skipped Year 1 Year 2 Year 3 Unit product cost eBook References b. Prepare an income statement for year 1. year 2, and year 3. (Round your intermediate calculations to 2 decimal places.) Haas Company Absorption Costing Income Statement Year 1 Year 2 Year 3 Net operating income (loss) $ 0 $ $