Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshops. Each cabinet sells for $40. Data for last year's operations follow: Units in beginning inventory 0 Units produced 22,800 Units sold 20,400 Units in ending inventory 2,400 Variable costs per unit: Direct materials $ 9 Direct labour 11 Variable manufacturing overhead 3 Variable selling and administrative 5 Total variable cost per unit 5 23 Fixed costs: Pixed manufacturing overhead $ 80,500 Fixed selling and administrative 115,500 Total fixed costs $196,000 I Esquired: 1. Assume that the company uses variable costing. Compute the unit product cost for one storage cabinet. 2. Assume that the company:r uses variable costing. Prepare a contribution format income statement for the year. {Do not leave anyI empty spaces: input a 0 wherever it is required.) Variable expenses: Variable oost of goods sold: 3. What is the company's break-even point in terms of units sold? {Round your answer to the nearest whole number.) units