Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshops. Each cabinet sells for $39. Data for last year's operations follow: 0 24,800 21,480 3,400 $ units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct naterials Direct labour Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs 9 11 3 5 28 $ $ 75,500 110,500 $186,000 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. (Do not leave any empty spaces; input a 0 wherever it is required.) 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