Answer:
net operating loss -$90,000
Explanation:
The net operating income or loss is the excess of sales revenue over the operating expenses of the product.
Sales revenue=number of units sold* price per unit
Sales revenue=15,000*$70
sales revenue=$1,050,000
operating expenses=total variable cost+fixed expenses
total variable cost=15,000*$40=$600,000
fixed expenses=$540,000
total operating expenses=$600,000+$540,000=$1,140,000
net operatig income/(loss)=$1,050,000-$1,140,000=-$90,000
