Answer:
d. $(30,000)
Explanation:
By the CVP method, operating income is obtained by subtracting fixed costs from the total contribution margin.
Total contribution margin equal total units multiplied contribution margin per unit, which is the same as sales minus total variable cost.
variable costs are 70% of sales
=70/100 x1,000,000
=$700,0000
Total contribution margin = total sales - total variable
=$1,000,000 - $700,000
=$300,000
Operating income = total contribution margin - fixed costs
=$300,000-$330,000
=($30,0000 )
Loss of $30,000
