Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years ofoperations:Variable costs per unit:Manufacturing:Direct materialsDirect laborVariable manufacturing overheadVariable selling and administrativeFixed costs per year:Fixed manufacturing overheadFixed selling and administrative expenses$ 24$ 16$ 4$ 1$ 220,000$ 140,000During its first year of operations, Haas produced 40,000 units and sold 40,000 units. During its second year of operations, itproduced 55,000 units and sold 30,000 units. In its third year, Haas produced 20,000 units and sold 45,000 units. The selling price ofthe company's product is $54 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.Req 1Req 2AReq 28Req 3AReq 38Compute the company's break-even point in unit sales.Break-even unit sales24,444 units

Name: Haas Company manufactures and sells one product. The following inform
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years ofoperations:Variable costs per unit:Manufacturing:Direct materialsDirect laborVariable manufacturing overheadVariable sel