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Crazing Tiles is a small distributor of marble tiles. Crazing 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. Crazing buys 210,000 marble tiles at an average cost of $4 per tile and sells them to retailers at an average price of $6 per tile. Assume Crazing has no fixed costs and no inventories. Read the requirements Requirement 1. Calculate Crazing's operating income for 2016. Revenues Costs: Purchase cost of tiles Ordering costs Receiving and storage Shipping Enter any number in the edit fields and then click Check Answer ? 4 parts remaining Clear All Check Answer hp Crazing Tiles is a small distributor of marble tiles. Crazing 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, Crazing buys 210,000 marble tiles at an average cost of $4 per tile and sells them to retailers at an average price of $6 per tile. Assume Crazing has no fixed costs and no inventories Read the requirements Costs Purchase cost of tiles Ordering costs Receiving and storage Shipping Total costs Operating income Enter any number in the edit fields and then click Check Answer 4 parts remaining Clear All Check Answer Crazing Tiles is a small distributor of marble tiles. Crazing 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, Crazing buys 210.000 marble tiles at an average cost of $4 per bile and sells them to retailers at an average Picafs.notilo de i Data Table R Cost Driver Quantity of Cost Driver Cost per Unit of Cost Driver Number of orders Activity Placing and paying for orders of marble 1. tiles 2. Receiving and storage 3. Shipping of marble tiles to retailers 500 S90 per order 4,500 550 per load Loads moved Number of shipments 1,600 $70 per shipment EN Print Done 4 parts remaining Clear All Check Answer azing Tiles is a small distributor of marble tiles. Crazing identifies its three major activities and cost pools as orderir ceiving and storage, and shipping, and it reports the following details for 2016: i Requirements or ice je eq Rey Cog 1. Calculate Crazing's operating income for 2016, 2. For 2017, retailers are demanding a 5% discount off the 2016 price. Crazing's suppliers are only willing to give a 3% discount. Crazing 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 Crazing's operating income for 2017. 3. Suppose further that Crazing decides to make changes in its ordering and receiving-and-storing practices. By placing long-run orders with its key suppliers, Crazing expects to reduce the number of orders to 200 and the cost per order to $45 per order. By redesigning the layout of the warehouse and reconfiguring the crates in which the marble tiles are moved, Crazing expects to reduce the number of loads moved to 3,625 and the cost per load moved to $48. Will Crazing achieve its target operating income of $0.32 per tile in 2017? Show your calculations. nte Print Done TOTTTTTTTTT hp