View Policies Current Attempt in Progress Crane Company reports the following operating results for the month of August: sales $420,000 (units 5,600) variable costs $254.000, and food costs $94.000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 12% with no change in total variable costs or units sold. 2. Reduce variable costs to 58% of sales. Compute the net income to be earned under each alternative. 1. Net Income $ 2. Net Income $ Which course of action will produce the higher net income? e Textbook and Media Attempts: 0 of 6 used Save for Late Submit Answer A 4 12 PM 00 1016/2019