itled to be financial yt is not per C) It is not permitted to be used for tax reporting. used for reporting D It assigns all manufacturing costs to products. E) It requires only variable costs to be treated as product costs. 19) When the number of units sold exceed the number of units produced, income reported under absorption costing will be lower than variable costing. Which of the following gives the best justification of the above statement? A) Income under absorption costing is always less than income reported using variable costing regardless of the number of units produced. B) Income under absorption costing is always more than income reported using variable costing regardless of the number of units produced. C) The fixed overhcad cost deferred in ending inventory is greater than the fixed overhead cost recognized from beginning inventory D) The fixed overhead cost deferred in ending inventory is less than the fixed overhead cost recognized from beginning inventory