The company has developed strong and experienced teams;2. The company has developed efficient training methods;3. Managers overestimate standard costs. Although favorable variance creates positive side effects in exceeding expected profits, it is still an issue that should be addressed. Further investigation into possible causes is needed. If the survey highlights increased efficiency in work or training, these causes should be further increased and duplicated in all divisions of the company. In case of simple overestimation of standard costs, the underlying cause could be:1. Managers are overly cautious and estimate their teams' working hours. This should be corrected by removing possible penalties when the team exceeds its budgets and adjusting future estimates based on historical performance numbers;2. Managers overestimate their teams' working hours in order to demonstrate high performance and claim possible financial bonuses that the company could reward to high-performing teams. This points to a much larger ethical problem and needs to be corrected for future periods. Standard and actual cost for