Snappy Tiles is a small distributor of marble tiles. Snappy identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details for 2020 (Click the icon to view the details) For 2020, Snappy buys 250,000 marble tiles at an average cost of $3 per te and sells them to retailers at an average price of $4 per te. Assume Snappy has no fixed costs and no inventones Required Requirement 1. Calculate Snappy's operating income for 2020 Revenues Costs: Purchase cost of tiles Ordering costs Receiving and storage Shipping Total costs Operating income Question Viewer me es Data table Activity Cost Driver Quantity of Cost Driver Cost per Unit of Cost Driver chas 1. Placing and paying for orders of marble tiles Number of orders 500 $50 per order erin 2. Receiving and storage Loads moved 4,000 $30 per load celvi 3. Shipping of marble tiles to retailers Number of shipments 1,500 $40 per shipment. ippin Total ating Print Done red Required nt 1. Cald 1. 2. ase cost o ring costs iving and st oping otal costs ting income 3. Calculate Snappy's operating income for 2020. For 2021, retailers are demanding a 5% discount off the 2020 price. Snappy's suppliers are only willing to give a 4% discount. Snappy expects to sell the same quantity of marble tiles in 2021 as in 2020. If all other costs and cost-driver information remain the same, calculate Snappy's operating income for 2021. Suppose further that Snappy decides to make changes in its ordering and receiving-and-storing practices. By placing long-run orders with its key suppliers, Snappy expects to reduce the number of orders to 200 and the cost per order to $25 per order. By redesigning the layout of the warehouse and reconfiguring the crates in which the marble tiles are moved, Snappy expects to reduce the number of loads moved to 3,125 and the cost per load moved to $28. Will Snappy achieve its target operating income of $0.30 per tile in 2021? Show your calculations. Print Done