Erin Company reports the following operating results for the month of August: Sales $386,400 (units 4,830); variable costs $235,704; and fixed costs $96,520. 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 to 57% of sales. 3. Reduce fixed costs by $14,440. 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