Chapter 23, Problem 3BTN

Selling materials, labor, and overhead standards is challenging. standards are set too low, companies might purchase interior 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 0,000 CKB Mega-Max clip, a technically advanced product To properly set the price and quantity standards, you assemble a team of specialists to provide input.

Required

Identify for tÿpes of specialists that you would assemble to provide information to help set the materials price arid quantity standards Briefly explain why you chose each individual.