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During self-construction of an asset by Samuelson Company, the following were among the costs incurred: Fixed overhead for the year $1,000,000 Portion of $1,000,000 fixed

During self-construction of an asset by Samuelson Company, the following were among the costs incurred:

Fixed overhead for the year $1,000,000

Portion of $1,000,000 fixed overhead that would be allocated to asset if it were normal production 70,000 Variable overhead attributable to self-construction 50,000

What amount of overhead should be included in the cost of the self-constructed asset?

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