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Question 4 of 7 -72 III View Policies Current Attempt in Progress Pharoah Company reports the following operating results for the month of August: sales $360,000 (units 4,800), variable costs $245,000, and fixed costs $92,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 12% with no change in total variable costs or units sold. Reduce variable costs to 61% of sales. 2. Compute the net income to be earned under each alternative. 1. Net Income $ 2. Net Income $ Which course of action will produce the higher net income? Save for Later Attempts: 0 of 7 used Submit Answer Question 7 of 7 -/2 III View Policies Current Attempt in Progress Carla Vista Bucket Co., a manufacturer of rain barrels, had the following data for 2019. 2,330 units Sales Sales price Variable costs Fixed costs $70 per unit $42 $32,620 per unit (a) What is the contribution margin ratio? Contribution margin ratio % Save for Later Attempts: 0 of 7 used Submit Answer Question 2 of 7 0.33/2 III View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Marg Ratio $750 $390 $ 360 (a) 52 $250 $ 315 (c) $75 5.2 1083 (e) $ 32 (f) $325 25 e Textbook and Media Save for Later Attempts: 2 of 7 used Submit