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:

Standard indirect cost$-$allocation dete

Standard inputs allowed for actual output

$=$ Direct costs

Indirect

costs

Actual costing:

Actual prices

$$

Actual inputs used

$=$ Direct costs

$x$

Actual inputs used

$=$ Indirect costs