Variable overhead costs incurred to self-construct an asset should be included in the cost of the asset.

Name: Variable overhead costs incurred to self-construct an asset should be included in the cost of the asset.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

Variable overhead costs that are directly related to the self-construction of an asset, such as indirect labor and materials, should be included in the cost of the asset. This is in accordance with generally accepted accounting principles.

Variable Overhead Costs Incurred to Self-Construct an Asset Should Be