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 years operations follow:

Units in beginning inventory		0
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 overhead		6
Variable selling and administrative		8
Total variable cost per unit	$	40
Fixed costs:
Fixed manufacturing overhead	$	84,500
Fixed selling and administrative		119,500
Total fixed costs	$	204,000

Required:

1.	Assume that the company uses variable costing. Compute the unit product cost for one storage cabinet.

2.	Assume that the company uses variable costing. Prepare a contribution format income statement for the year.

3.	What is the companys break-even point in terms of units sold? (Round your answer to the nearest whole number.)