Question: How does standard costing differ from actual costing? Select the formula labels to show the differences between standard and actual costing, for direct and indirect

How does standard costing differ from actual costing?

Select the formula labels to show the differences between standard and actual costing, for direct and indirect costs.

Standard costing:

=

Direct costs

=

Indirect costs

Actual costing:

=

Direct costs

=

Indirect costs

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