Blue Company reports the following results for the month of October: Sales (10,000 units) $600,000 Variable costs 420,000 Contribution margin 180,000 Fixed costs 110,000 Net income $ 70,000 Blue Company management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 6623% of sales. 3. Reduce fixed costs by $10,000. Instructions If maximizing net income is the objective of Blue Company management, which is the best course of action