Produced on an automated assembly line process

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CD players are produced on an automated assembly line process. The standard cost of CD players is $145 per unit (labor, $32; materials, $67; and overhead $46). The sales price is $275 per unit.

a. To achieve a 14% 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.

Reference no: EM13842770

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