EXERCISE 8-5 Variable Costing Unit Product Cost and Income St LO1, LO2) Waterloo Storage Products makes a four-drawer plastic storage cabi reak s35. Data for last year's operation for use in garages and workshops. Each cabinet sells for $35. Data for follow: Units in beginning inventory. Units produced Units sold Units in ending inventory Variable costs per unit Direct materials Direct labour Variable manufacturing overhead ariable seing and administrative.. 25000 21500 3500 10 Total variable cost per unt.. Fixed costs Fixed manufacturing overhead Fived selling and administrative. $ 24 ...75000 10000 $185000 Total fixed costs.. Required 1. 'Assume that the company uses variable costing Compute the unit product cos fir a storage cabinet. 2. Assume that the company uses variable costing., Prepare a contribution form 3. What is the company's break-even point in terms of units sold? ome statement for the year