Why Is Variable Costing Not in Accordance with Generally Accepted

Multiple Choice

Why is variable costing not in accordance with generally accepted accounting principles?

A) Fixed manufacturing costs are treated as period costs under variable costing.
B) Variable costing procedures are not well known in industry.
C) Net earnings are always overstated when using variable costing procedures.
D) Variable costing ignores the concept of lower of cost or market when valuing inventory.