White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $160 per unit (labor, $32; materials, $73; and overhead, $55). The sales price is $300 per unit.

Part 2

a. To achieve a 13 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.)

Part 3

b. To achieve a 13 percent multifactor productivity improvement by reducing labor costs only, one needs to reduce the labor cost by (__) percent. (Enter your response as a percent rounded to two decimal places.)