Bright Tiles is a small distributor of marble tiles. Bright identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details for 2016 (Click the icon to view the details) For 2016, Bright buys 280,000 marble tiles at an average cost of $4 per tile and sells them to retafers at an average price of $6 per file. Assume Bright has no foxed costs and no inventories Read the requirements Requirement 1. Calculate Bright's operating income for 2016 Revenues Costs Purchase cost of los Ordering costs Receiving and storage Shipping Total costs Clear all Check answer 0. Data table ate Activity Cost Driver Quantity of Cost Driver 1. Placing and paying for orders of marble tiles Number of orders Cost per Unit of Cost Driver 800 $70 per order 2. Receiving and storage Loads moved 4,500 $40 per load 3. Shipping of marble tiles to retailers Number of shipments 2,100 $60 per shipment es age Print Done - X distributor of marble tiles. Bright identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it repo view the details.) s 280,000 marb nts. fixed e - 1. alculate Bright's o 2. of tiles: I storage Etext page Requirements Calculate Bright's operating income for 2016. For 2017, retailers are demanding a 5% discount off the 2016 price. Bright's suppliers are only willing to give a 4% discount. Bright expects to sell the same quantity of marble tiles in 2017 as in 2016. If all other costs and cost-driver information remain the same, calculate Bright's operating income for 2017. 3. Suppose further that Bright decides to make changes in its ordering and receiving-and-storing practices. By placing long-run orders with its key suppliers, Bright expects to reduce the number of orders to 500 and the cost per order to $35 per order. By redesigning the layout of the warehouse and reconfiguring the crates in which the marble tiles are moved, Bright expects to reduce the number of loads moved to 3,625 and the cost per load moved to $38, Will Bright achieve its target operating income of $0.46 per tile in 2017? Show your calculations. Print Done Clear