17) Please be very clear with your answer. please put a box around each section,Thank you!

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches Match each of the following descriptions with the appropriate costing concept Clear All Treats Fixed selling cost as a period cost Both absorption and variable costing Required by generally accepted accounting principles Variable costing only Treats fixed manufacturing cost as a period cost Absorption costing only Operating income impacted by changes in inventory level