White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $148 per unit (labor, $29;materials,

$67;and overhead, $52). The sales price is $300 per unit. Part 2

a. To achieve a 12 percent multifactor productivity improvement by reducing materials costs only, one needs to reduce the materials cost by 23.64

percent. (Enter your response as a percent rounded to two decimal places.)

Part 3

b. To achieve a 12 percent multifactor productivity improvement by reducing labor costs only, one needs to reduce the labor cost by 54.62 percent. (Enter your response as a percent rounded to two decimal places.)

Part 4

c. To achieve a 12 percent multifactor productivity improvement by reducing overhead costs only, one needs to reduce the overhead cost by 30.46

percent. (Enter your response as a percent rounded to two decimal places.)

Please show me how to get these answers step by step. I dont know how to work the problem. I keep getting the wrong answer. Please help!!