Global Inc. is a small distribulor of mechanical pencils. Global identif it reports the following details for 2016. (Click the icon to view the activity and cost pool details.) O More Info O (click the icon to view additional information.) Read the requirement First, determine the selling price to retailers in 2017 The seling price per pack to retailers in 2017 Is $ Now determine the purchase price per packs of pencils in 2017 The purchase price per pack in 2017 is $ Now that we have determined the new selling price and purchase price For 2016, Global buys 250,000 pencil packs at an average cost of $5 per pack and sells them to retailers at an average price of $10 per pack Assume Global has no fixed costs and no inventories. For 2017, retailers are demanding a 6% discount off the 2016 price. Globars suppliers are only willing to give a 5% discount. Global expects to sell the same quantity of pencil packs in 2017 as it did in 2016 9.40 Print Done 4.75 opera il amounis for 2017. (Roundt Total Reference Data Table Costs Total Per Unit Purchase cost of pencil packs Ordering costs Receiving and storage Shipping Quantity of Cost per Unit S 2,500,000 S 10.00 Revenues Activity Cost Driver Cost Driver of Cost Driver Costs 1. Placing and paying for orders of pencil packs Number ot orders 400 5,000 1,500 $100 per order S60 per load $60 per shipment Purchase cost of pencils Ordering costs Recelving and storage Shipping 1,250,000 40,000 00,000 90,000 1,680,000 5.00 0.16 1.20 0.36 6.72 3.28 2. Recelving and storage Loads moved Total costs 3. Shipping of pencil packs to retailers Number of shipments Operating income Print Done Total costs S 820,000 S Operating income nter any number in the edit fields and then click Check