Explanation:
Box 1: Standard cost
Standard costs are estimates of the cost of goods sold -- that is, the cost required to produce your products. They usually consist of three parts: direct materials, direct labor, and manufacturing overhead.
Box 2: Moving average
Moving average is a perpetual costing method based on the average principle, where the costs on inventory issues do not change when the purchase cost does.
Incorrect:
* Weighted average is an inventory model based on an average that results from the multiplication of each component (item transaction) by a factor (cost price) reflecting its importance (quantity). Another way to say this is that weighted average is an inventory model that assigns the cost of issue transactions based on the mean value of all inventory received during the period, plus any on-hand inventory from the previous period.
* First in, First out (FIFO) is an inventory model in which the first acquired receipts are issued first.
Financially updated issues from inventory are settled against the first financially updated receipts into inventory, based on the financial date of the inventory transaction.
Reference:
https://www.fool.com/the-ascent/small-business/accounting/articles/standard-cost/
https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/moving-average