Question 4 --/1 View Policies Current Attempt in Progress Crane Company reports the following operating results for the month of August: sales $300,000 (units 5,000); variable costs $210,000; and fixed costs $70,000. 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 $ 330000 2. Reduce variable costs to 55% of sales. Net income $ 3. Reduce fixed costs by $18,000. Net income $enter a net income if the fixed costs are reduced by $18,000 Which course of action will produce the highest net income? e Textbook and Media Save for Later Attempts: 0 of 2 used Submit