How Do Companies Use Standard Costing? Companies often use standard costs for planning and controlling costs. Although the standard costs are usually associated with a manufacturing company's costs, service companies like accounting firms and law firms also use standard costing in their practices. This discussion posting may require research. Please answer the following items: Name one business that uses standard costing (A specific business name whether that is a manufacturing or service company; i.e. Amazon) Explain how that business uses standard costing (Reflect on actual costs vs. standard costs in setting the prices based on direct materials, direct labor, and manufacturing overhead) Explain the benefits of using the standard costing