Rhad the exintunema. Requirement 1. Whar are the beralts of setting of Requireinents Sunded coiting helis maragis do the talowing 1. What wn the tevilis of welng cost varidocto? Rsquirement 1, What are the benafis of wetang cost standarda? Shardard cosing helps manegers do the following Breci maierais oftelency virtake Direatiabor efieiency verane Requirements 1. What are the benefits of setting cost standards? 2. Calculate the direct materials cost variance and the direct materials efficiency variance as well as the direct labor cost and efficiency variances. Phead the Reguirement 3. What are the bonsths of weting cost etandarda? Standard oosing helon managen do the lobowing