Question: White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $148 per unit? (labor, $25; materials, $68; and overhead, $55). The sales price is $300 per unit.
a. To achieve a 12 percent multifactor productivity improvement by reducing materials costs only, one needs to reduce the materials cost by nothing percent. (Enter your response as a percent rounded to two decimal places.