Evaluating Variance from Standard Costs Discuss the importance of evaluating variances from standard costs in managerial accounting. What are some reasons for variances, and how can they be addressed? • Directions: Do not address the questions using a question-and-answer format. Add headlines to the main topics. • Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate. My textbook is Managerial Accounting by carl s warren and William B.Tayler• initial post should address all components of the question with 500 -600 words without reference or cover pages • reference should be APA style 7th edition • Write between 5-7 references including my textbook • Free of plagiarism and AI Content Use in text citation