3. White Tiger Electronics White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70; and overhead, $50 ). The sales price is $300 per unit. Use the formulas below to help solve and also answer question d. A. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced? b. To achieve a 10 percent multifactor productivity improvement by reducing labor costs only, by what percentage must these costs be reduced? c. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only, by what percentage must these costs be reduced? Value of Output: $ Value of Input: Labor + Materials + Overhead Productivity 10% productivity improvement >x% increase (1.10) = Given productivity =, and the value of output = we solve for the cost of NEW inputs: Productivity=InputOuput=Inputs=Input=Ssor$(Roundtonearestdollar) The cost of inputs must decrease by ($$_)=$ a. AS reduction in material costs is $/$=% b. A $ _ reduction in labor costs is $/S=% c. \( \mathrm{A}_{\text {_ }} \) reduction in overhead is $/S=% d. Discuss the feasibility of reducing each of these individual costs in order to achieve the 10 percent multifactor productivity improvement