Company reports the following operating results for the month of August: Sales $358,400(units5,120); variable costs $218,624; and fixed costs $66,230. Management is considering the following independent courses of action to increase profit.

1.Increase selling price by 10% with no change in total variable costs.

2.Reduce variable costs to56% of sales.

3.Reduce fixed costs by $11,360.

Compute the profit to be earned under each alternative.(Round all answers to 0 decimal places.)

1.Profit$

2.Profit$

3.Profit$

Which course of action will produce the highest profit? Yes or no