Which of the following is considered a period cost in absorption costing? O fixed factory overhead costs variable factory overhead costs fixed selling and administrative costs semi-variable factory overhead costs In Tesla's first year of business, Tesla produced 4,000 cars and sold 3,600 cars. In Year 2, they made 10,000 cars and sold 10,200 cars. If Tesla uses variable costing, in Year 2 O its operating income in Year 2 will be lower than under absorption costing its operating income for Year 2 will be higher than under absorption costing. its value of ending Finished Goods Inventory reported in the balance sheet will be higher than under absorption costing O its operating income will be the same as under absorption costing