Raniero & Sons buys T-shirts in bulk, applies its own trendsetting silk-screen designs, and then sells the T-shirts to a number of retailers. Raniero wants to be known for its trendsetting designs, and it wants every teenager to be seen in a distinctive Raniero T-shirt. Raniero presents the following data for its first 2 years of operations, 2011 and 2012. Click the icon to view the data) Administrative costs depend on the number of customers that Raniero has created capacity to support, not on the actual number of customers served. Raniero had 4,000 customers in 2011 and 3,900 customers in 2012. Read the requirements Data table Require Requirements 2011 2012 Revenu Costs 1. Number of T-shirts purchased 216.140 254,000 2. Number of T-shirts discarded 14,140 17,000 Dire Adr 1. Calculate Raniero's operating income in both 2011 and 2012. 2. Calculate the growth, price-recovery, and productivity components that explain the change in operating income from 2011 to 2012. 3. Number of T-shirts sold (row 1-row 2) 202.000 237,000 4. Average selling price 29.00 $ 30.00 3. Comment on your answers in requirement 2. What does each of these components indicate? 5. Average cost per T-sh 14.00 S 12.00 Opera 6. Administrative capacity (number of customers) 7. Administrive costs 4,400 4.150 1,490,000 $ Require 8. Administrative cost per customer (row 7/row 6) 340 $ 1,452,500 350 Print Done Begin b X Next, determine the formula to calculate the cost effect of growth for variable costs. Then enter the amounts in the formula. Ti Print Done