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Chapter 6: Chapter 6: Job CostJob Cost
Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin
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Job CostJob CostChapter 6 shows you how to use the Job Cost Chapter 6 shows you how to use the Job Cost System. Sage 50 lets you assign Job ID codes System. Sage 50 lets you assign Job ID codes to purchases, sales, and employee hours. This to purchases, sales, and employee hours. This way, you can track how each of these factors way, you can track how each of these factors impacts costs for a specific job.impacts costs for a specific job.
Purchases Sales
Hours Worked
JOBS
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Sage 50 TipSage 50 Tip
Jobs can be assigned to purchases of inventory, Jobs can be assigned to purchases of inventory, sales to customers, and payroll.sales to customers, and payroll.
The diagram below shows how Sage 50 The diagram below shows how Sage 50 organizes job costing. (Refer to textbook p. 191.)organizes job costing. (Refer to textbook p. 191.)
1)1) Setup 2) Tasks 3) ReportingSetup 2) Tasks 3) Reporting
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Backing Up Chapter 6Backing Up Chapter 6
Backup Name Backup Name
Excel Report Excel Report
KBKB Page Nos.Page Nos.
Chapter 6.ptbChapter 6.ptb 3,863 KB3,863 KB 200200
Exercise 6-2.ptbExercise 6-2.ptb 3,850 KB3,850 KB 202202
Exercise 6-2_Job Profitability Exercise 6-2_Job Profitability Report.xlsxReport.xlsx
16 KB16 KB 202202
Exercise 6-2_Job Profitability Exercise 6-2_Job Profitability Report.pdfReport.pdf
69 KB69 KB 202202
In Chapter 6, you make two backups, save one Excel file, and save one PDF file. The Exercise 6-2.ptb backup file is used for work in Part 4, Chapters 16-18. Do not delete the Exercise 6-2.ptb file.
Job Costing and Purchasing, pp. 194-196Job Costing and Purchasing, pp. 194-196
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When purchasing inventory items for jobs, the Purchases/Receive Inventory window is used. Refer to pages 194-196.
Job Costing and Sales, pp. 197-198Job Costing and Sales, pp. 197-198
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The Sales/Invoicing window is used to record inventory sold and to select the appropriate job. The completed Sales/Invoicing window is shown on p. 198.
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Chapter 6:Chapter 6: Glossary of Terms Glossary of Terms
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Job Costing, pp. 191; 198-200Job Costing, pp. 191; 198-200Sage 50’s job costing feature allows you to track the costs incurred while Sage 50’s job costing feature allows you to track the costs incurred while performing a job. To use job costing, identify the project for which you want performing a job. To use job costing, identify the project for which you want to track expenses and income and then determine how much detail is to track expenses and income and then determine how much detail is needed. For Job Cost and Payroll, refer to pages 198-199.needed. For Job Cost and Payroll, refer to pages 198-199.
Online Learning CenterOnline Learning Center Go online to Go online to http://www.mhhe.com/yacht2013 for for
additional resources. Link to additional resources. Link to Student EditionStudent Edition, select , select Chapter 6.Chapter 6.
o Interactive TestingInteractive Testing Appendix A: TroubleshootingAppendix A: Troubleshootingo Glossary of TermsGlossary of Terms Appendix B: AIS Appendix B: AIS o Feature QuizzesFeature Quizzes Appendix C: Review of Appendix C: Review of
AccountingAccountingo Narrated PowerPointsNarrated PowerPointsAppendix D: GlossaryAppendix D: Glossaryo Assessment RubricsAssessment Rubricso Going to the NetGoing to the Neto QA Templates QA Templates
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Going to the NetGoing to the NetAccess the Sage website at Access the Sage website at www.sage.com. Link to . Link to Visit Sage United States. Select . The URL is . Select . The URL is http://na.sage.com/sage-na/products-solutions/by-small-business..
How many employees is Sage small business designed to help?How many employees is Sage small business designed to help?
How much yearly revenue can Sage 50 small business accounting How much yearly revenue can Sage 50 small business accounting handle?handle?
Analysis QuestionAnalysis Question
Explain the interrelationships of jobs, Explain the interrelationships of jobs, purchases, sales and payroll.purchases, sales and payroll.
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Assessment RubricAssessment Rubric
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Date TransactionNavigation
Center/ModuleTask
WindowJournalDr./Cr.
3/26 Sold two Bell-Grow Impulse Sprinklers (EQWT-15160) to Franklin Botanical Gardens, $64.18 (includes sales tax); terms 2% 10, Net 30 days; Job ID Franklin Botanical Gardens.
3/26 Invoice No. ARM967 was received from Armenta's Landscaping for the purchase of special wood treatment, $85; terms 2% 10, Net 30 Days. Apply this purchase to the Franklin Botanical Gardens jobs.
3/29 Amanda W. Chester worked one hour on the Franklin Botanical Gardens job. Apply her paycheck to this job.
