Crane Company reports the following operating results for the month of August sales $300.000 units 5.000): variable costs $210.000, and fixed costs $70,000. 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 55% of sales Net Income 3. Reduce fixed costs by $18,000. Net income Senter a net income if the foed costs are reduced by $18,000 1. Increase selling price by 10% with no change in total variable costs or sales volume. Net income 2. Reduce variable costs to 55% of sales. Net income 3. Reduce fixed costs by $18,000. Net Income Senter a net income if the fixed costs are reduced by $18.000 Which course of action will produce the highest net income? Save for Later Attempts: 0 of 1 used Submit Anwer