Do you believe GAAP should allow variable costing for external reporting? Why or why not?

Question:

Do you believe should allow variable costing for external reporting? Why or why not?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...