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White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is ?$156 per unit? (labor, ?$29; ?materials, ?$73; and? overhead, ?$54?). The sales price is $325 per unit.
1. To achieve a 14 percent multifactor productivity improvement by reducing materials costs? only, one needs to reduce the materials cost by __ percent. ?(Enter your response as a percent rounded to two decimal? places.)
2. To achieve a 10 percent multifactor productivity improvement by reducing labor costs only, by what percentage must costs be reduced?
3. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only by what percentage must these costs be reduced?
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