In 2015, when the avian flu hit egg producers hard, there was a shortage of eggs. Egg prices increased dramatically. Over the years since 2015 however, egg production has ramped back up as egg producers have restocked their flocks of egg-laying chickens.There is now a glut of eggs, putting causing the price of eggs to greatly decrease.

Eggs are used in many products, including ice cream, cream pies, eggrolls, marshmallows, lollipops, meatloaf, and pasta. Kellogg's Eggo waffles are among products that use eggs.

1. Which of the Eggo waffle variances would be impacted by the drop in the price of eggs?
2. Would the drop in the price of eggs cause a favorable or unfavorable variance for Kellogg's?
3. What is Kellogg's likely to do to its standard(s) based on the current price of eggs? Which standard(s) would be impacted?