Match each of the following terms to the appropriate definition. This is considered a product cost under absorption costing and a period cost under variable costing. The market identifies the selling price of a product, which in turn is used to determine the maximum amount a product can cost. This method of costing is in compliance with GAAP. A pricing method that applies a markup to the cost to determine the selling price. This method of costing does not conform to GAAP. A pricing method that selects the selling price that will generate the greatest amount of operating income