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Henderson Farms reports the following results for the month of November: Sales (10,000 units) $600,000 Variable costs Contribution margin Fixed costs Net income 420,000 180,000 110,000 70,000 Management is considering the following independent courses of action to increase net income. I. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66 2/3% of sales. 3. Reduce fixed costs by $10,000