Subject :- Accounting 3. Assume the company uses absorption costing:a. Compute unit product costs for Year 1, Year 2, and Year 3. (Round your intermediate and final answers to 2 decimal places.)Unit product costYear 1Net operating income (loss)Year 2b. Prepare an income statement for year 1, year 2, and year 3. (Round your intermediate calculations to 2 decimal places.)Her CompanyAbsorpiles Costing Income StatementYear 1Your 3$00$Year 200 $Year 300 Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years ofoperations:Variable cost per unit:Manufacturing:Direct materialsDirect labourVariable manufacturing overheadVariable selling and administrativeFixed costs per year:Fixed manufacturing overheadFixed selling and administrative expensesRequired:1. Compute the company's break-even point in units sold.Break-even unit salesSDuring its first year of operations, Haas produced 60,000 units and 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 price ofthe company's product is $57 per unit.units251242$480,000$360,000

Name: Subject :- Accounting 3. Assume the company uses absorption costing:a.
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Subject :- Accounting 3. Assume the company uses absorption costing:a. Compute unit product costs for Year 1, Year 2, and Year 3. (Round your intermediate and final answers to 2 decimal places.)Unit product costYear 1Net operating income (loss)Year 2