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The following information pertains to each of the company's first three years of operation: Variable costs per unit:Manufacturing:Direct materials ........................................... $ 25Direct labor ................................................... $16Variable manufacturing overhead ..................$5Variable selling and administrative....................$2Fixed costs per year:Fixed manufacturing overhead.......................... $ 300, 000Fixed selling and administrative expenses....... $ 180, 000 During its first year of operations Nickelson 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, Nickelson produced 40, 000 units and sold 65, 000 units. The selling price of the company's product is $ 56 per unit. REQUIRED:
1. Compute the company's break-even-point in units sold.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 3.4. Compare the net operating income figures that you computed in requirements 2 and 3 to the break-even point that you computed in requirement 1 . Which net operating income figure seem counterintuitive? Why?
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