PRIN Exercise 170 Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Total Cost January February March April Miles Driven 10,000 8,000 9,000 7,000 $17,000 13,500 14,400 12,500 Compute the variable and fixed cost elements using the high-low method. (Round variable cost to 2 decimal places, 0.9. 15.25.) Variable cost 1.50 per mile $ Fixed cost 2000 $ Click If you would like to Show Work for this question: Open Show Work CALCULATOR PRINTER VERDEN LACK Exercise 191 Englehart, Inc reports the following operating results for the month of August: Sales 50,000 (units 5,000); variable costs $280,000, and feed costs $115.000 Management is considering the following independent courses of action to increase net income 1. Increase selling price by 10% with no change in total variable costs. 2. Reduce variable costs to 65% of sales 3. Reduce fixed costs by $15,000. Compute the net income to be earned under each alternative. Net Income 1. Increase selling prices 2. Reduce variable costs $ 3. Reduce fixed costs Which course of action will produce the highest net income? will produce higest net income. Click if you would like to Show Work for this question: Open Show Work LAVEROS LATER SUBMIT ANSWER Question Attemptst 0 of 1 used