For the explanations listed below, identify whether they are reasons for IFRS and ASPF. to include fixed manufacturing overhead in inventor)' costs.
Potential reason for requirement to capitalize under IFRS and ASPE:Yes/No
The fixed overhead is relatively constant, which contributes to stable values of earnings and inventories.
Fixed overhead contributes to the production of goods that have future benefits.
Capitalizing fixed overhead into inventories helps to match costs to revenues.
Capitalizing fixed overhead into inventories helps to smooth earnings.
Fixed overhead costs are reliable and verifiable.
Capitalizing fixed overhead is consistent with the going-concern assumption.
Fixed overhead costs are measurable and are usually material.