Erin Company reports the following operating results for the month of August: Sales $456,000 (units 5,700); variable costs $291,840; and fixed costs $96,830. 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 58% of sales. 3. Reduce fixed costs by $11,570. Compute the profit to be earned under each alternative. (Round all answers to O decimal places.) 1. Profit $ 2. Profit $ 3. Profit $ Which course of action will produce the highest profit? Save for Later Attempts: 0 of 1 used Submit Answer