Bonita Company reports the following operating results for the month of August: sales $320.000 (units 5,000): variable costs $210.000; and fixed costs $71,000. Management is considering the following independent courses of action to increase net income. Compute the net income to be earned under each alternative 1. Increase selling price by 10% with no change in total variable costs or sales volume. Net income $ 2. Reduce variable costs to 58% of sales. Net income $ 3. Reduce fixed costs by $23,000. Net income Senter a net income if the fixed costs are reduced by $23.000 Which course of action will produce the highest net income? eTextbook and Media Save for Later Attempts: unlimited Submit