What type of standards would a company who manufactures a product have regarding sustainability efforts? Do you think sustainability standards would be beneficial for the company? Why or why not?

If a company is implementing lean accounting throughout the organization. Why might standard costing not be beneficial for that company?

Should managers investigate only unfavorable variances? What factors should be considered when investigating variances? Discuss how favorable variances in one area can lead to unfavorable variances in another area.