Current Attempt in Progress Cranefarms reports the following results for the month of November: Sales (11,100 units) $ 666,000 Variable costs 466,200 199,800 Contribution margin Fixed costs 122,100 Net Income $ 77,700 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 66% of sales. 3. Reduce fixed costs by $ 10.000 Calculate net income for the above courses of action. Course Net Income 1. Increase selling price $ 2. Reduce variable cost $ 3. Reduce fixed cost $ If maximizing net income is the objective, which is the best course of action? Best course of action is