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Requirement 1. Given the preceding information, would SLA be better off financially by switching to the environmentally friendly dye? (Assume all other costs would remain the same.) 2. If SLA chooses to be environmentally responsible and switches to the new dye, the changes in the process will allow production managers to implement Kaizen costing. If SLA can reduce fabric and labor costs each by 2% per month on all the shirts it manufactures, by how much will overall costs decrease at the end of 12 months? (Round to the nearest dollar for calculating cost reductions.) 3. Refer to requirement 2. How could the reduction in material and labor costs be accomplished? Are there any problems with this plan? More info SLA has the opportunity to switch from using the dye it currently uses to using an environmentally friendly dye that costs $1.00 per ounce. The company would still need 6 ounces of dye per shirt. SLA is reluctant to change because of the increase in costs (and decrease in profit), but the Environmental Protection Agency has threatened to fine the company $227,600 if it continues to use the harmful but less expensive dye. Data table Budgeted sales and selling price per unit are as follows: Simple Life Apparel (SLA) manufactures plain white and solid-colored T-shirts. Budgeted inputs and alternative dye information include the following: (Click the icon to view the budgeted input data.) (C) (Click the icon to view altemative dye information.) reduce fabric and labor costs each by 2% per month, by how much will overall costs decrease at the end of 12 montha? First calculate the fabric costs resulting from the Kaizen improvements, then in the next step calculate the labor costs. (Round all intermediary calculafions the nearest dollar.)