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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: 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 22, 200 20,100 2,100 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.

2. look at photo

3. look at photo

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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: 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. (Do not leave any empty spaces; input a 0 wherever it is required.) 3. What is the company's break-even point in terms of units sold? (Round your answer to the nearest whole number.)

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