Waterloo Storage Products makes a four-drawer plastic storage cabinet on casters meant for use in garages and workshops. Each cabinet sells for $45. Data for last year's operations follow: Units in beginning inventory Units produced Units sold Units in ending inventory 22,600 20,300 2,300 $ 10 12 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative 4 6 Total variable cost per unit $ 32 Fixed costs: Fixed manufacturing overhead $ 81,000 Fixed selling and 116,000 administrative Total fixed costs $197.000 Required: 1. Assume that the company uses variable costing Compute the unit product cost for one storage cabinet. Unit product cost 2. Assume that the company uses variable costing. Prepare a contribution format Income statement for the year. Variable Costing Income Statement Variable expenses Variable cost of goods sold: Fixed expenses: 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