The following scenarios describe situations currently facing companies. (Click the icon to view the scenarios.) Requirement For each scenario, indicate whether or not a standard costing system would be beneficial in that situation and explain why or why not. Each scenario is independent of the other scenarios. (Abbreviations used: GL = general ledger. A selection may be used more than once.) Is Standard Scenario costing beneficial? a. b. Yes C. d. e. f. g. No Why beneficial or why not beneficial? The following scenarios describe situations currently facing companies. (Click the icon to view the scenarios.) Requirement For each scenario, indicate whether or not a standard costing system would be beneficial in that situation and explain why or why not. Each scenario is independent of the other scenarios. (Abbreviations used: GL = general ledger. A selection may be used more than once.) Is Standard Scenario costing beneficial? a. b. C. d. e. f. g. Choose from any drop-down list a Why beneficial or why not beneficial? Changes happen daily Inventory is trying to be eliminated Lack of timeliness Product costs are entered into GL inventory accounts at standard cost, rather than actual cost Robots will likely not have the variance that humans would The company is using real time operating performance metrics Unintended behavioral consequences Usefulness in budgeting Variances would be identified as soon as they occur The following scenarios describe situations currently facing companies. (Click the icon to view the scenarios.) Requirement For each scenario, indicate whether or not a standard costing system would be beneficial in that situation and explain why or why not. Each scenario is independent of the other scenarios. (Abbreviations used: GL = general ledger. A selection may be used more than once.) Is Standard Scenario costing beneficial? a. b. C. d. e. f. g. Why beneficial or why not beneficial?