Assignment $1--$ Chapter $1$

Question $7,$ Problem $3$

HW Score: $76\%,38$ of $50$ points

Part $3$ of $3$

Points: $2\mathrm{.}67$ of $8$

White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $$155$ per unit $($labor$,$ $$33$; materials, $$67$; and overhead, $$55).$ The sales price is $$275$ per unit.

a$.$ To achieve a $14$ percent multifactor productivity improvement by reducing materials costs only, one needs to reduce the materials cost by $28$ percent. $($Enter your response as a percent rounded to two decimal places.$)$

b$.$ To achieve a $14$ percent multifactor productivity improvement by reducing labor costs only, one needs to reduce the labor cost by $57\mathrm{.}15$ percent. $($Enter your response as a percent rounded to two decimal places.$)$

c$.$ To achieve a $14$ percent multifactor productivity improvement by reducing overhead costs only, one needs to reduce the overhead cost by $34\mathrm{.}29$ percent. $($Enter your response as a percent rounded to two decimal places.$)$