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Company O produced 300 units in 2021 and sold 280 units at $40 each. Other information for Company O is as follows: Direct Materials $5/unit

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Company O produced 300 units in 2021 and sold 280 units at $40 each. Other information for Company O is as follows: Direct Materials $5/unit Variable Selling and Administrative$1.50/unit Direct Labor $10/unitFixed Overhead $600 Variable Overheads3/unit Fixed Selling and Administrative $400 What is Company O's Contribution Margin? O A $5,040 B. $5,600 O C. $6,160 D. 55,740

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