Chapter 6: Chapter 6: Job CostJob Cost

Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.reserved.

McGraw-Hill/McGraw-Hill/IrwinIrwin

Job CostJob CostChapter 6 shows you how to use Peachtree’s Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job Cost System. Peachtree lets you assign Job ID codes to purchases, sales, and Job ID codes to purchases, sales, and employee hours. This way, you can track how employee hours. This way, you can track how each of these factors impacts costs for a each of these factors impacts costs for a specific job.specific job.

Purchases Sales

Hours Worked

JOBS

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Software Objectives, p. 205Software Objectives, p. 205

1.1. Restore data from Exercise 5-2. (This Restore data from Exercise 5-2. (This backup was made on p. 203.)backup was made on p. 203.)

2.2. Learn about PCA's Job Cost system.Learn about PCA's Job Cost system.

3.3. Set up a job.Set up a job.

4.4. Coordinate job costs with purchases, Coordinate job costs with purchases, sales, and payroll.sales, and payroll.

5.5. Display a Job Profitability Report.Display a Job Profitability Report.

6.6. Make two backups: Backup Chapter 6 Make two backups: Backup Chapter 6 data; and backup Exercise 6-2.data; and backup Exercise 6-2.

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Web Objectives, p. 205Web Objectives, p. 205

Use your Internet browser to go to the book’s Use your Internet browser to go to the book’s web site at web site at www.mhhe.com/yacht2009.

Complete the Internet activity for Business Complete the Internet activity for Business Encyclopedia. Encyclopedia.

Complete the steps shown for this activity.Complete the steps shown for this activity.

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Peachtree TipPeachtree Tip

Jobs can be assigned to purchases of Jobs can be assigned to purchases of inventory, sales to customers, and payroll.inventory, sales to customers, and payroll.

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Backing Up Chapter 6Backing Up Chapter 6

Backup Name Backup Name

KBKB Page Nos.Page Nos.

Chapter 6Chapter 6 4,027 KB4,027 KB 214-215214-215

Exercise 6-2Exercise 6-2 4,036 KB4,036 KB 219219

In Chapter 6, you make two backups. The Chapter 6.ptb backup is made on pages 214-215 and the Exercise 6-2.ptb backup is made on page 219. Refer to the chart shown on page 2 in the textbook. The Exercise 6-2.ptb file backup is used for work in Part 4, Chapters 15-18.) Do not delete the Exercise 6-2.ptb file.

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Chapter 6 TopicsChapter 6 Topics1.1. Software & web objectives, p. 205Software & web objectives, p. 205

2.2. Getting started, pp. 206-208Getting started, pp. 206-208

3.3. Job Costing and Purchases: Purchasing Job Costing and Purchases: Purchasing Inventory Items for Jobs, pp. 208-210Inventory Items for Jobs, pp. 208-210

4.4. Job Costing and Sales, pp. 210-212Job Costing and Sales, pp. 210-212

5.5. Job Cost and Payroll, pp. 212-213Job Cost and Payroll, pp. 212-213

6.6. Job Cost Reports, p. 213-214Job Cost Reports, p. 213-214

7.7. Backing up Chapter 6 Data, pp. 214-215Backing up Chapter 6 Data, pp. 214-215

8.8. Internet Activity, p. 215Internet Activity, p. 215

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Chapter 6 TopicsChapter 6 Topics9.9. Summary and review, pp. 215-216Summary and review, pp. 215-216

a.a. Going to the net, p. 216 Going to the net, p. 216

b.b. Short-answer questions, pp. 216- Short-answer questions, pp. 216-218218

c.c. Exercise 6-1, p. 218-219 Exercise 6-1, p. 218-219

d.d. Exercise 6-2, p. 219 Exercise 6-2, p. 219

e. Analysis question, p. 219e. Analysis question, p. 219

f.f. Chapter 6 index, p. 220 Chapter 6 index, p. 220

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Completed Maintain Jobs window, pp. 207-208Completed Maintain Jobs window, pp. 207-208

From the Customers & Sales page, click then select From the Customers & Sales page, click then select New Job. Complete steps 4 – 8 on p. 207.New Job. Complete steps 4 – 8 on p. 207.

Save this job.Save this job.

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Completed Purchases/Receive Inventory Completed Purchases/Receive Inventory window, pp. 208-210window, pp. 208-210

From the Vendors & Purchases page, select ; New Bill. Complete steps 2 From the Vendors & Purchases page, select ; New Bill. Complete steps 2 – 8 on page 209. The Purchases/Receive inventory window is shown on p. 210.– 8 on page 209. The Purchases/Receive inventory window is shown on p. 210.

Click on Click on SSave to post this purchase. ave to post this purchase.

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Completed Sales/Invoicing window, pp. 210-212Completed Sales/Invoicing window, pp. 210-212

Select ; , New Sales Invoice. Complete steps 2 – 8 on Select ; , New Sales Invoice. Complete steps 2 – 8 on p. 211. The Sales/Invoicing window is shown on p. 211.p. 211. The Sales/Invoicing window is shown on p. 211.

Click on Click on SSave to post this invoice. ave to post this invoice.

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Job Cost and Payroll, pp. 212-213Job Cost and Payroll, pp. 212-213

From the Navigation Bar, select ; , Enter Payroll From the Navigation Bar, select ; , Enter Payroll for One Employee. Select Alex C. Kornel as the employee. Type for One Employee. Select Alex C. Kornel as the employee. Type 2929 in in the Date and Pay Period boxes. Select the Jobs icon. After the Date and Pay Period boxes. Select the Jobs icon. After completing steps 2-7 on p. 212, the Labor Distribution to Jobs window completing steps 2-7 on p. 212, the Labor Distribution to Jobs window appears, p .213.appears, p .213.

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Job Cost Reports, p. 213-214Job Cost Reports, p. 213-214

From the Reports & Forms menu, select Jobs. The Select a Report or From the Reports & Forms menu, select Jobs. The Select a Report or Form window displays. Form window displays.

In the Job Reports: Project Information list, double-click Job In the Job Reports: Project Information list, double-click Job Profitability Report. Scroll down the Job Profitability Report window to Profitability Report. Scroll down the Job Profitability Report window to Job ID Franklin. Job ID Franklin.

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Backing Up Chapter 6 Data, pp. 214-215Backing Up Chapter 6 Data, pp. 214-215

Complete steps 1-6 on pp. 214-215 to Complete steps 1-6 on pp. 214-215 to back up your data.back up your data.

The suggested file name is The suggested file name is Chapter 6Chapter 6..

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Chapter 6, Internet Activity, p. 215Chapter 6, Internet Activity, p. 21511 Go to the book’s web site at Go to the book’s web site at www.mhhe.com/yacht2009.

22 Link to Student Edition. Link to Student Edition.

33

In the Course-wide content list, link to Internet Activities; then link In the Course-wide content list, link to Internet Activities; then link to Part to Part 1 Internet Activities for Chapters 1-81 Internet Activities for Chapters 1-8. Open or Save. (In the Choose a . Open or Save. (In the Choose a Chapter field if you select Chapter 6 observe that chapter-specific links Chapter field if you select Chapter 6 observe that chapter-specific links are available; for example, Multiple Choice Quiz, True or False, are available; for example, Multiple Choice Quiz, True or False, PowerPoint Presentations and Going to the Net Exercises.) The PowerPoint Presentations and Going to the Net Exercises.) The Course-wide Content also includes a Glossary link.Course-wide Content also includes a Glossary link.

44Scroll down the window to ENCYCLOPEDIA OF BUSINESS CASE Scroll down the window to ENCYCLOPEDIA OF BUSINESS CASE TERMS – Chapter 6. Read steps 1-3. TERMS – Chapter 6. Read steps 1-3.

55Use the Business Encyclopedia website to look up words related to Use the Business Encyclopedia website to look up words related to accountingaccounting..

66 Follow the steps on the book’s web site to complete this Internet activity.Follow the steps on the book’s web site to complete this Internet activity.

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Going to the Net, p. 216Going to the Net, p. 216Access the Sage website at Access the Sage website at www.sage.com. Link to . Link to Sage Worldwide. Choose your location; for Sage Worldwide. Choose your location; for example, link to USA. The URL is example, link to USA. The URL is http://www.sage.com/ourbusiness/sageworldwide. .

How many small and medium sized businesses How many small and medium sized businesses does Sage Software provide business management does Sage Software provide business management software to?software to?

List Sage Software’s brands.List Sage Software’s brands.

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