# Answered Essay: Check my work 4 Haas Company manufactures and sells one product. The following information pertains to each of

Check my work 4 Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations 10 points Variable costs per unit Manufacturing: 21 13 Direct materials Direct labor eBook Variable manufacturing overhead Variable selling and administrative Print Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses \$ 600,000 \$ 240,0e0 References During its first year of operations, Haas produced 60,000 units and sold 60,000 units. During its second year of operations, it produced 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 of the company’s product is \$57 per unit Requirec 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

Selling Price = \$57

Total Variable Cost = Direct Materials + Direct Labor + Variable Manufacturing Overhead + Variable Selling and Administrative
Total Variable Cost = \$21 + \$13 + \$8 + \$1
Total Variable Cost = \$43

Contribution Margin per unit = Selling Price – Variable Cost per unit
Contribution Margin per unit = \$57 – \$43
Contribution Margin per unit = \$14

Total Fixed Cost = Fixed Manufacturing Overhead + Fixed Selling and Administrative
Total Fixed Cost = \$600,000 + \$240,000
Total Fixed Cost = \$840,000

Break-even Point in unit sales = Total Fixed Cost / Contribution Margin per unit
Break-even Point in unit sales = \$840,000 / \$14
Break-even Point in unit sales = 60,000

For Year 1, Year 2, Year 3:

Unit Product Cost = Direct Materials + Direct Labor + Variable Manufacturing Overhead
Unit Product Cost = \$21 + \$13 + \$8
Unit Product Cost = \$42

Year 1:

Unit Product Cost = Direct Materials + Direct Labor + Variable Manufacturing Overhead + Fixed Manufacturing Overhead per unit produced
Unit Product Cost = \$21 + \$13 + \$8 + \$600,000 / 60,000
Unit Product Cost = \$52

Year 2:

Unit Product Cost = Direct Materials + Direct Labor + Variable Manufacturing Overhead + Fixed Manufacturing Overhead per unit produced
Unit Product Cost = \$21 + \$13 + \$8 + \$600,000 / 75,000
Unit Product Cost = \$50

Year 3:

Unit Product Cost = Direct Materials + Direct Labor + Variable Manufacturing Overhead + Fixed Manufacturing Overhead per unit produced
Unit Product Cost = \$21 + \$13 + \$8 + \$600,000 / 40,000
Unit Product Cost = \$57

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