3 Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshops. Each Gabinet sells for $35. Data for last year's operations follow: 0 25,000 21,500 3,500 its skipped $ Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Pixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs eBook 8 10 2 4 24 Print $ ferences $ 75,000 110,000 $185,000 Required: 1. Assume that the company uses variable costing. Compute the unit product cost for one storage cabinet. Unit product cost 3 2. Assume that the company uses variable costing. Prepare a contribution format income statement for the year. (Do not leave any empty spaces; input a 0 wherever it is required.) Variable Costing Income Statement aints Variable expenses Variable cost of goods sold: Skipped eBook 0 Print References 0 0 Fixed expenses 0 0 $ 3. What is the company's break-even point in terms of units sold? (Round your answer to the nearest whole number.) Break-even units sales units