1. Answer the questions below in essay format.
  2. Your essay must include an introduction, body, and conclusion, and address all relevant parts of each question. Your response should be a minimum of 300 words in length. Make sure to cite any references you use. Proper citation format for a reference includes the name of the author(s), the title of the work, the date of the publication, and the page number.

Standard Costs

Select at least two of the following types of organizations and describe what type of standards may be used:

  • Hospitals
  • Law firms
  • Accounting firms
  • Auto repair shops

Additionally, explain the advantages and/or disadvantages a company might experience if it adoptsideal standards as compared topractical standards.