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Hi could someone please help me solve this question; thanks, Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in

Hi could someone please help me solve this question;

thanks,

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Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshops. Each cabinet sells for $54. Data for last year's operations follow: Units in beginning inventory Units produced 21,200 Units sold 19,600 Units in ending inventory 1.600 Variable costs per unit: Direct materials $ 12 Direct labour 14 Variable manufacturing 6 overhead Variable selling and administrative Total variable cost per unit $ 40 Fixed costs: Fixed manufacturing $ 84,500 overhead Fixed selling and 119,500 administrative Total fixed costs $ 204,000 Required: 1. Assume that the company uses variable costing. Compute the unit product cost for one storage cabinet. Unit product cost 2. Assume that the company uses variable costing. Prepare a contribution format income statement for the year. Variable Costing Income Statement Variable expenses: Variable cost of goods sold: Fixed expenses: 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

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