Which of the following is the best description of traceable fixed costs? A. Fixed costs that support the whole organization. B. Fixed costs incurred because of a segment's existence. C. Fixed costs that are released through Cost of Goods Sold. OD. Fixed costs that are deferred to the next period. 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 Overhead$3/unit Fixed Selling and Administrative $400 What is Company O's Contribution Margin? A. $5,040 B. $5,740 C. $5,600 D. $6,160 The following information is available for Company P: Selling Price $530/unitDirect Material $120/unitVariable Selling & Admin.$20/unit Units Produced600 Direct Labor $60/unit Fixed Overhead $24,000 Units Sold 540 Variable Overhead$100/unitFixed Selling & Admin. $13,200 What is Company P's Contribution Margin using Variable Costing? A. $210,000 B. $166,200 C. $189,000 OD. $124,200