Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshops. Each cabinet sells for $44. Data for last year's operations follow: Units in beginning inventory Units produced Units sold Units in ending inventory 23, 600 20, 800 2, 800 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative 10 12 4 6 Total variable cost per unit 32 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ 78,500 113,500 Total fixed costs $ 192,000 Required: 1. Assume that the company uses variable costing. Compute the unit product cost for one storage cabinet. Unit product cost $ 26 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.) $ 915,200 Variable Costing Income Statement Sales Variable expenses: Variable cost of goods sold: Goods available for sale 0 0 915,200 Fixed expenses: $ 915,200 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 16,000 units