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 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 $ Unit product cost 0 21,600 19,800 1,800 10 12 4 6 32 $ 83,500 118,500 $202,000 Required: 1. Assume that the company uses variable costing. Compute the unit product cost for one storage cabinet. Assume that the company uses variable costing. Prepare a contribution format income statement for the year. (Do not leave any empty spaces; input a 0 wherever it is required.) Variable expenses: Variable cost of goods sold: Fixed expenses: Variable Costing Income Statement 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