White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $149 per unit (labor, $28; materials, $72; and overhead, $49). The sales price is $325 per unit.

b. To achieve a 14 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.)

White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $149 per unit (labor, $28; materials, $72; and overhead, $49). 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 25.41 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 percent. (Enter your response as a percent rounded to two decimal places.)