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In: AccountingHaas Company manufactures and sells one product. The followinginformation pertains to each of the company’s...Haas Company manufactures and sells one product. The followinginformation pertains to each of the company’s first three years ofoperations:Variable costs per unit:Manufacturing:Direct materials$21Direct labor$13Variable manufacturingoverhead$8Variable selling andadministrative$1Fixed costs per year:Fixed manufacturingoverhead$600,000Fixed selling and administrativeexpenses$240,000During its first year of operations, Haas produced 60,000 unitsand sold 60,000 units. During its second year of operations, itproduced 75,000 units and sold 50,000 units. In its third year,Haas produced 40,000 units and sold 65,000 units. The selling priceof 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 Year3.b. Prepare an income statement for Year 1, Year 2, and Year3.3. Assume the company uses absorption costing:a. Compute the unit product cost for Year 1, Year 2, and Year3.b. Prepare an income statement for Year 1, Year 2, and Year3.