Refer to the Case on Master Budget discussed in class. Currently LAF buys raw materials for $7 per Ib. However, a recent study has shown that the dye used in the fabric used as raw material for the flags is harmful for the environment. They can use better quality, environment friendly raw material in their flags, but that would cost $8.25 per lb. Also, variable S&A cost per unit currently is $1.25. This involves using plastic packaging for their product. If they want to use biodegradable packaging materials, the variable S&A cost per unit will become $2. 2. Calculate the break-even point for LAF using the values given in the case originally for each month and for the quarter. Do your calculations in the spreadsheet, and limit your answer in the report within 50 words. Refer to the Case on Master Budget discussed in class. Currently LAF buys raw materials for $7 per Ib. However, a recent study has shown that the dye used in the fabric used as raw material for the flags is harmful for the environment. They can use better quality, environment friendly raw material in their flags, but that would cost $8.25 per lb. Also, variable S&A cost per unit currently is $1.25. This involves using plastic packaging for their product. If they want to use biodegradable packaging materials, the variable S&A cost per unit will become $2. 2. Calculate the break-even point for LAF using the values given in the case originally for each month and for the quarter. Do your calculations in the spreadsheet, and limit your answer in the report within 50 words