The company has developed strong and experienced teams;2. The company has developed effective training methods;3. Managers overestimate standard costs. Although a favorable variance creates a positive side effect of exceeding projected profits, it is still an issue that needs to be addressed. Further investigation into possible causes is necessary. If the survey reveals increased efficiency at work or in training, these causes must be further increased and replicated in all divisions of the company. In cases of simple overestimation of standard costs, the underlying cause may be:1. Managers are too cautious and estimate the working hours of their teams. This should be corrected by removing possible penalties when the team goes over budget and adjusting future estimates based on historical performance figures;2. Managers overestimate their teams' working hours in order to demonstrate high performance and claim possible financial bonuses that the company might reward top-performing teams. This highlights a much larger ethical problem and needs to be corrected for future periods. Standard and actual cost for