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 years operations follow:

Units in beginning inventory		0
Units produced		23,600
Units sold		20,800
Units in ending inventory		2,800
Variable costs per unit:
Direct materials	$	10
Direct labour		12
Variable manufacturing overhead		4
Variable selling and administrative		6
Total variable cost per unit	$	32
Fixed costs:
Fixed manufacturing overhead	$	78,500
Fixed selling and administrative		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.

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.)