Question 3 of 8 View Policies Current Attempt in Progress Cullumber Farms reports the following results for the month of November: $ 688,200 477.300 Sales (11,100 units) Variable costs Contribution margin Fixed costs 210.900 122,100 Net income $ 88,800 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66/% of sales. 3. Reduce fixed costs by $ 10,000. Calculate net income for the above courses of action Question 3 of 8 3. Reduce fixed costs by $ 10,000 Calculate net income for the above courses of action. Course Net Income 1. Increase selling price $ 2 Reduce variable cost $ 3. Reduce fixed cost $ If maximizing net income is the objective, which is the best course of action? Best course of action is