Answer the following questions related to standard costs:

How does the use of standard costs promote management by exception?

Name a company who is a good candidate for standard costs and management by exception. Explain why you believe this. Support your assertions with evidence.

What types of companies are bad candidates for standard costing and why?

What managerial control recommendations do you have for companies that dont seem to be helped by traditional standard costing?

As always, back up your evidence with text and current articles with proper citations.