Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshops. Each cabinet sells for $49. Data for last years operations follow:

Units in beginning inventory		0
Units produced		21,400
Units sold		19,700
Units in ending inventory		1,700
Variable costs per unit:
Direct materials	$	11
Direct labour		13
Variable manufacturing overhead		5
Variable selling and administrative		7
Total variable cost per unit	$	36
Fixed costs:
Fixed manufacturing overhead	$	84,000
Fixed selling and administrative		119,000
Total fixed costs	$	203,000

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.)