Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshops. Each cabinet sells for $53. Data for last year's operations follow: 22,200 20,100 2,100 $ Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials 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 12 14 6 8 40 $ $ 82,000 117,000 $199,000 Required: 1. Assume that the company uses variable costing, Compute the unit product cost for one storage cabinet. Unit product Com 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.) Variable Costing Income Statement Variable expenses Variable cost of goods sold: 0 0 0 0 Fred expenses 0 $ 0 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