Which of the following formulas does NOT yield the correct answer in cell C16? 4 A B C D 1 Productive Capacity 50,000 units 2 Fixed Budget 3 For the year ended December 31, 2020 A Per Unit 5 Sales $250 Total $9,375,000 6 Variable costs 180 6,750,000 7 Contribution margin $70 2,625,000 8 Fixed Expenses 2,500,000 9 Operating Income $125,000 10 11 Flexible Budget 12 For the year ended December 31, 2020 13 % of productive capacity 70% 14 Units produced and sold 35,000 75% 37,500 80% 40,000 15 16 Sales $8,750,000 $9,375,000 $10,000,000 17 Variable costs 6,300,000 6,750,000 7.200,000 18 Contribution margin 2,450,000 2,625,000 2,800,000 19 Fixed expenses 2,500,000 2,500,000 2,500,000 20 Operating income ($50,000) $125.000 $300,000