White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $157 per unit (labor, $33; materials, $71; and overhead, $53). The sales price is $325 per unit. a. 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.)

White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is \$157 per unit (labor, \$33; materials, \$71; and overhead, \$53). The sales price is \$325 per unit. a. 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.)