Question 15 Erin Company reports the following operating results for the month of August: Sales $448,200 (units 4,980); variable costs $291,330; and fixed costs $95,910. Management is considering the following independent courses of action to increase profit. 1. Increase selling price by 10% with no change in total variable costs. 2. Reduce variable costs to 57% of sales. 3. Reduce fixed costs by $14,320. Compute the profit to be earned under each alternative. (Round all answers to o decimal places.) 1. Profit $ 2. Profit $ 3. Profit Which course of action will produce the highest profit