For standard costing methodology, good business practices would emphasize using unfavorable variances as a way of assigning blame to the responsible managers, and favorable variances as a way of rewarding managers.

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Good business practices should focus on using variances as a way of identifying areas for improvement rather than assigning blame or rewarding managers. Managers should be encouraged to understand the reasons behind variances and take appropriate actions to address them, rather than being punished or rewarded solely based on the variances. This helps promote a culture of continuous improvement and collaboration among team members.

For Standard Costing Methodology, Good Business Practices Would Emphasize Using