Cost Accounting Quiz
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COST ACCUMULATION SYSTEMS
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Amtek Corp. produces custom machinery. Job #550 produced a primary machine and a secondary motor, which is treated as a byproduct. Costs for the job were: Direct Materials $80,000, Direct Labor $120,000, and Applied MOH $60,000. The primary machine (the main product) has a final selling price of $400,000. The byproduct motor can be sold for $5,000 after incurring $500 in additional selling costs. Amtek's policy is to reduce the cost of the main product by the net realizable value of any byproducts.
What is the total manufacturing cost assigned to the primary machine from Job #550?
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