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Compute the net income to be earned under each alternative

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Question - Sheridan Company reports the following operating results for the month of August: sales $375,000 (5,000 units), variable costs $248,000, and fixed costs $97,000. Management is considering the following independent courses of action to increase net income.

1. Increase the unit selling price by 16% with no change in total variable costs, fixed costs, or units sold.

2. Reduce variable costs to 57% of sales while holding fixed costs, quantity, and unit selling price constant.

Required -

1. Compute the net income to be earned under each alternative.

2. Which course of action will produce the higher net income?

Reference no: EM133168914

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