Please answer the question below to the best of your knowledge.

Match the following terms to the statements shown below. Use capital letters for your answers. Each term can only be used once.

A. Absorption costing F. Internal reporting

B. Contribution margin G. Period costs (full costing)

C. External reporting H. Product costs (variable costing)

D. Fixed overhead I. Traditional

E. Full costing J. Variable costing

______ 1. Is another name for full costing.

______ 2. Treats fixed overhead as a product cost.

______ 3. Is the income statement format used with variable costing.

______ 4. Selling and administrative expenses.

______ 5. Variable costing can only be used for this type of reporting.

______ 6. Is considered a period cost under variable costing.

______ 7. Direct materials + direct labor + variable overhead.

______ 8. Can only be used for internal reporting purposes.

______ 9. Full costing must be used for this type of reporting.

______ 10. Is the income statement format used with full costing