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Help please. Yams Company reports the following operating results for the month of August: sales $392,700 (units 5,100), variable costs $259,000, and fixed costs $93,000.
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Yams Company reports the following operating results for the month of August: sales $392,700 (units 5,100), variable costs $259,000, and fixed costs $93,000. Management is considering the following independent courses of action to increase net income. Increase selling price by 13% with no change in total variable costs or units sold. Reduce variable costs to 55% of sales. Compute the net income to be earned under each alternative. (Round intermediate calculations to 2 decimal places e.g. 2.25 and final answer to 0 decimal places, e.g. 12,125.) Which course of action will produce the higher net incomeStep by Step Solution
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