Question: White Tiger Electronics produces CD players using an automated assembly line process. The sales price is $300 per unit. The standard cost of CD players

White Tiger Electronics produces CD players using
White Tiger Electronics produces CD players using an automated assembly line process. The sales price is $300 per unit. The standard cost of CD players is $150 per unit (labor, $30; materials, $70; and overhead, $50). To achieve a 17 percent multifactor productivity improvement by reducing labor costs only, by what percentage must these costs be reduced? Round to two decimal places. 45.46 56.21 61.99 72.63

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