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gizmo_the_mogwai [7]
3 years ago
12

White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is ​$16116

1 per unit​ (labor, ​$3434​; ​materials, ​$7474​; and​ overhead, ​$5353​). The sales price is ​$300300 per unit. a. To achieve a 1414 percent multifactor productivity improvement by reducing materials costs​ only, one needs to reduce the materials cost by nothing percent. ​(Enter your response as a percent rounded to two decimal​ places.)
Business
1 answer:
xxMikexx [17]3 years ago
5 0

Answer:  26.37%

Explanation:

Given that,

Standard cost of CD players = ​$161 per unit

Labor = ​$34

Materials = ​$74

Overhead = ​$53

Sales price = ​$300 per unit

Current multi-factor productivity = \frac{Sales\ price}{standard\ cost\ of\ CD\ players}

                                                      = \frac{300}{161}

                                                      = 1.86

Revised multi-factor productivity after productivity increase by 14 % = 2.1204

Thus given sales price remaining constant at $ 300 and multi-factor productivity of 2.1204

Revised standard cost of CD players = \frac{300}{2.1204}

                                                             = $141.48

Let the corresponding material cost be $m,

Therefore,

Labor cost + m + overhead cost = $141.48

$34 + m + $53 = $141.48

m = $54.48

percentage reduction in material cost = \frac{Initial\ cost - Revised\ material\ cost}{initial\ cost}\times100

= \frac{74 - 54.48}{74}\times100

= 26.37%

MATERIAL COST MUST REDUCE BY 26.37%.

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