Your business partner is very interested in the budgeting process and wants to know more about standard costing and variance analysis for your products.

Compose a short email - 5 to 7 sentences because your business partner is too busy to read anything longer than that - proposing a standard cost and variance analysis procedure for your company. Be sure you answer the question in the context of material in chapter 10. If you use outside references, please cite them.

Please remember no late work is accepted