QUESTION 8 Ikhwani Company reports the following operating result for the month of August: Sales RM300,000 (units 500); variable costs RM210,000 and fixed costs RM80,000. management is considering the following independent course of action to increase net income. 1. Increase selling price by 10% without change in total variable costs. 2. Reduce variable costs to 65% of sales. 3. Reduce fixed costs by RM10,000. REQUIRED: Calculate the net income to be earned under each alternative. Which course of action will produce the highest net income?