... contrast product costing withprocess costing, standard costing with actual costing, orabsorption costing with variable costing, but it is com-pletely illogical to contrast standard costing with ... of reasons.Chapter 10 Standard Costing 401What are the benefitsorganizations derive from standard costing and varianceanalysis?5WHY STANDARD COST SYSTEMS ARE USED“A standard cost system ... chapter:Actual Mix ϫ Actual Mix ϫ Standard Mix ϫ Standard Mix ϫActual Quantity Actual Quantity Actual Quantity Standard Quantityϫ Actual ϫ Standard ϫ Standard ϫ Standard Price Price Price PriceMaterial...