Exercise 13-15 Pharoah Company reports the following operating results for the month of August: sales $360,000 (units 4,800), variable costs $245,000, and fored costs $92,000. Management is considering the following independent courses of action to increase net income 1. Increase seling price by 12% with no change in total variable costs or units sold. 2. Reduce vanable costs to 61% of sales. Compute the net income to be eamed under each alternative 1. Net Income 2. Net Income 25,000 which course of action will produce the higher net income? Atemative Click if you would like to Show Work for this question: Open Show Work