Haas Company manufactures and sells one product. The following information pertains to each of the companys first three years of operations:
Variable cost 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 $
During its first year of operations, Haas produced units and sold units. During its second year of operations, it produced units and sold units. In its third year, Haas produced units and sold units. The selling price of the companys product is $ per unit.b Prepare an income statement for year year and year Round your intermediate calculations to decimal places.
Answer is complete but not entirely correct.
Haas Company
Absorption Costing Income Statement
