Setting materials, labor, and overhead standards is challenging. If standards are set too low, companies might purchase inferior products and employees might not work to their full potential. If standards are set too high, companies could be unable to offer a quality product at a profitable price and employees could be overworked. The ethical challenge is to set a high but reasonable standard. Assume that as a manager you are asked to set the standard materials price and quantity for the new 1,000 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. Briefly explain why you chose each individual.
Setting materials, labor, and
companies might purchase inferior products and employees might not work to their full potential. If standards
are set too high, companies could be unable to offer a quality product at a profitable price and
employees could be overworked. The ethical challenge is to set a high but reasonable standard. Assume
that as a manager you are asked to set the standard materials price and quantity for the new 1,000 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. Briefly explain why you chose each individual.
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