CALCULATOR FULL SCREEN PRINTER VERSION BACH Exercise 19-03 Barnes Company reports the following operating results for the month of August: sales $300,000 (units 5,000); variable costs $217,000; and fixed costs $71,800. 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 56% of sales. Net income 3. Reduce fixed costs by $18,000. Net income Privacy Policy. 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Vera CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 19-03 Barnes Company reports the following operating results for the month of August: sales $300,000 (units 5,000); variable costs $217,000; and fixed costs $71,800. 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 56% of sales. Net income 3. Reduce fixed costs by $18,000. Net income Privacy Policy. 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Vera CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT 1. Increase selling price by 10% with no change in total variable costs or sales volume. Net income 2. Reduce variable costs to 56% of sales. Net Income 3. Reduce fixed costs by $18,000. Net Income Which course of action will produce the highest net income? Click if you would like to show Work for this questioni Open Show Work Question Attempts: Unlimited SAVE POR LATER SUBMIT ANSWER Privacy Policy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.11