The assertion you made To keep their operations under control, businesses need standard expenses. Costs that a business projects for providing goods and services under average conditions. Standard costs are used by a business as target costs to compare to actual costs; the difference between the two is known as variance. It was accurate to say that management would use the variation to determine and address the root of the discrepancy, create additional projections for the following year, and make business decisions. For a business, it is essential, particularly when they need to recognize deviations and address them in order to perform better the following month, quarter, or year, depending on how frequently they use this?