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Concord Company reports the following operating results for the month of August: sales $300,000 (units 5,000); variable costs $214,000; and fixed costs $71,800. Management is considering the following independent courses of action to increase net income. Compute the net income to be earned under each alternative. 1. Increase selling price by 10% with no change in total variable costs or sales volume. Net income 2. Reduce variable costs to 55% of sales. $ Net income 3. Reduce fixed costs by $23,000. Net income $enter a net income if the fixed costs are reduced by $23,000 Which course of action will produce the highest net income? Bramble Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 30%, standard tapered candles 60%, and large scented candles 10%. The contribution margin ratio of each candle type is shown below. Candle Type Contribution Margin Ratio Birthday Standard tapered 35% Large scented 40% 20% (a) Your answer is correct. What is the weighted average contribution margin ratio? %6 Weighted average contribution margin ratio e Textbook and Media Assistance Used Attempts: unlimited (b) * Your answer is incorrect. If the company's fixed costs are $451,360 per year, what is the dollar amount of each type of candle that must be sold to break even? Birthday Standard tapered Large scented Total break even point $ 451359 $ 902719 $ 150453