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 produce Units sold Units in ending inventory 0 21,200 19,600 1,600 $ 12 14 6 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs Pixed manufacturing overhead Fixed selling and administrative Total fixed costs $ 40 $ 84,500 119,500 $204,000 Required: 1. Assume that the company uses variable costing. Compute the unit product cost for one storage cabinet Unit product cost Check m 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 O wherever it is required.) oped Variable expenses: Variable cost of goods sold: ook rint rences 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-crvan unit sales units