question btn 21 3 setting materials labor and overhead standards is challenging if s 4305169

question btn 21 3 setting materials labor and overhead standards is challenging if s 4305169

Question

BTN 21-3 setting materials, labor and overhead standards is challenging. If standards are set too low, companies might purehaso inferior products and employees might not work to their full potential. If stan- dards are set too high, companies could be unable to offer a quality product at a profitable rate and em ployees could be overworked. The ethical challenge is to sct a high but rcasonable standard. Assume that as a manager you are asked to set the standard matcrials prioc and quantity for thc ncw l,000 cKB Mega- Max chip, a technically advanced product. To properly set the price and quantity standards you assemble a team of specialists to provide input. Required Identify four types of specialists that you would assemble to provide information to help set the materials price and quantity standards, Brictly explain why you chose cach individual

 

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