For this discussion you will need to have a full understanding of standards $($Chapter $22)$ Manufacturing firms set standards for the amount and price of direct materials, direct labor, and overhead consumed by their products.$$ Standards establish a benchmark to be used in evaluating actual performance.$$ They allow management to recognize when costs are not in line with the company's projections and to take corrective action. Some points to remember: Unrealistically high standards frustrate employees and stifle motivation.$$ As a result, most companies do not use$$theoretical standards,$$which can be achieved only under perfect operating conditions. Standards that are too low encourage employees to be inefficient.$$ Most companies use currently attainable standards $($normal standards$),$which can be achieved with reasonable effort. Standards should be changed when they no longer reflect operating conditions.$$ They should not be revised simply because workers fail to meet standards. Select the Reply box and post your response to the following by Wednesday May $14$th$$at$11$:$55$pm:$$ Describe Three examples of standards in your daily life$$ Ex: Maximum and minimum speed limits on highways or rating scales on video games.$($Your response cannot be either of these examples$)$ This is a great example to the max speed limit standard in daily life. Speed limits are established on the basis of engineering studies. These limits are based on the concept that uniform categories of highways can operate safely at certain maximum speeds under ideal conditions. This practice of ideal conditions falls under an ideal standard, or theoretical standard. The speed limit may be $55$ on a straightaway but have a yellow sign with $45$ on the curves of the road due to the ideal conditions changing so the standard changes.