View Policies Current Attempt in Progress Oriole, Inc. reports the following operating results for August: Sales $416,000 (units 5,200); variable costs $249,600; and fixed costs $93,600. Management is considering the following independent courses of action to increase net income. 1. Increase the selling price by 10%. 2. Reduce variable costs to 55% of sales. 3. Reduce fixed costs by $17,000. Compute the net income to be earned under each alternative. Net Income 1. Increase selling price $ 2. Reduce variable costs $ 3. Reduce fixed costs $ Which course of action will produce the highest net income? , will produce higest net income