Oriole, Inc. reports the following operating results for August: Sales $513,000 (units 5,700): variable costs $307,800 and fixed costs $131,100. Management is considering the following independent courses of action to increase net income. L increase the selling price by 10% 2 Reduce variable costs to 55% of sales a Reduce fixed costs by $22,000. Compute the net income to be earned under each alternative. Net Income 1. Increase selling price $ 2. Reduce variable costs $ 3. Reduce fixed costs $ Which course of action will produce the highest net income? Reducing variable cost to 55% Increasing selling price by 10% Reducing fixed cost by $22,000 will produce higest net income. Attempts: 0 of 1 used Submit Ans