5-15 Pharoah Company reports the following operating results for the month of August: sales $360,000 (units 4,800), vartable costs $245,000, and fixed costs is considering the following independent courses of action to increase net income. (Part Level 1. 2. Increase selling price by 12% with no change in total variable costs or units sold. Reduce variable costs to 61% of sales. Z (Part ssion) 1. Net Income s Which course of action will produce the higher net income? Click if you would like to Show Work for this question: 3 MacBook Air