Chapter 6: Chapter 6: Job CostJob Cost

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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. 189Software Objectives, p. 189

Restore data from Exercise 5-2. (This back Restore data from Exercise 5-2. (This back up was made on p. 187.)up was made on p. 187.)

Learn about Peachtree’s Job Cost system.Learn about Peachtree’s Job Cost system.

Set up a job.Set up a job.

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

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

Make two backups: one blank, formatted disk Make two backups: one blank, formatted disk for Chapter 6; one blank, formatted disk for for Chapter 6; one blank, formatted disk for Exercise 6-2.Exercise 6-2.

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Web Objectives, p. 189Web Objectives, p. 189

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/yacht2004www.mhhe.com/yacht2004

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.

The Exercise 6-2 backup file will be used in The Exercise 6-2 backup file will be used in Part 4, Chapters 15, 17, and 18. You should Part 4, Chapters 15, 17, and 18. You should notnot reformat this disk. reformat this disk.

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Backing Up Chapter 6Backing Up Chapter 6

DisksDisks Backup Name Backup Name

KBKB Page Page Nos.Nos.

12 of 1412 of 14 A:\Chapter 6A:\Chapter 6 1,247 KB1,247 KB 199199

13 of 1413 of 14 A:\Exercise 6-2A:\Exercise 6-2 1,2511 KB1,2511 KB 203203

Use one blank, formatted disk to back up Chapter 6 on page 199. You will need another blank, formatted disk to back up Exercise 6-2 on page 203. Remember do not reformat the disk used to back up Exercise 6-2. You will use this data again in Chapters 15, 17, and 18.

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Chapter 6 TopicsChapter 6 Topics1.1. Software & web objectives, p. 189Software & web objectives, p. 189

2.2. Getting started, pp. 190-192Getting started, pp. 190-192

3.3. Job Costing and Purchases: Purchasing Job Costing and Purchases: Purchasing Inventory Items for Jobs, pp. 192-193Inventory Items for Jobs, pp. 192-193

4.4. Job Costing and Sales, pp. 194-195Job Costing and Sales, pp. 194-195

5.5. Job Cost and Payroll, pp. 195-197Job Cost and Payroll, pp. 195-197

6.6. Job Cost Reports, pp. 197-198Job Cost Reports, pp. 197-198

7.7. Backing up Chapter 6 Data, p. 199Backing up Chapter 6 Data, p. 199

8.8. Internet Activity, p. 199Internet Activity, p. 199

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Chapter 6 TopicsChapter 6 Topics9.9. Summary and review, p. 200Summary and review, p. 200

a.a. Going to the net, p. 200 Going to the net, p. 200

b.b. Short-answer questions, pp. 201- Short-answer questions, pp. 201-202202

c.c. Exercise 6-1, p. 203 Exercise 6-1, p. 203

d.d. Exercise 6-2, p. 203 Exercise 6-2, p. 203

e.e. Chapter 6 index, p. 204 Chapter 6 index, p. 204

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Completed Maintain Jobs window, p. 191Completed Maintain Jobs window, p. 191Click on Maintain, then Jobs. Complete steps 4 – 8 on p. 191.Click on Maintain, then Jobs. Complete steps 4 – 8 on p. 191.

Save this job, then return to the menu bar.Save this job, then return to the menu bar.

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Completed Purchases/Receive Inventory Completed Purchases/Receive Inventory window, pp. 192-193window, pp. 192-193

Click on Tasks, then Purchases/Receive Inventory. Complete steps 2 – 8 on Click on Tasks, then Purchases/Receive Inventory. Complete steps 2 – 8 on pages 192-193. This screen is shown on p. 193.pages 192-193. This screen is shown on p. 193.

Click on Click on SSave to post this purchase. Then, return to the menu bar.ave to post this purchase. Then, return to the menu bar.

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Completed Sales/Invoicing window, pp. 194-195Completed Sales/Invoicing window, pp. 194-195

From the Tasks pull-down menu, select Sales/Invoicing. Complete steps 2 – 8 on p. From the Tasks pull-down menu, select Sales/Invoicing. Complete steps 2 – 8 on p. 195. This screen is shown on p. 195.195. This screen is shown on p. 195.

Click on Click on SSave to post this invoice. Then, return to the menu bar.ave to post this invoice. Then, return to the menu bar.

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Job Cost and Payroll, pp. 197Job Cost and Payroll, pp. 197

Click on Tasks, then Payroll Entry. Select Brandon A. Hughes as the Click on Tasks, then Payroll Entry. Select Brandon A. Hughes as the employee. Type employee. Type 2828 in the Date and Pay Period boxes. Select the in the Date and Pay Period boxes. Select the Jobs icon. After completing steps 2-9 on pp. 196-197, the Labor Jobs icon. After completing steps 2-9 on pp. 196-197, the Labor Distribution to Jobs screen appears.Distribution to Jobs screen appears.

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Job Cost Reports, p. 198Job Cost Reports, p. 198

From the Reports pull-down menu, select Jobs. In the Report List, click on From the Reports pull-down menu, select Jobs. In the Report List, click on Job Profitability Report.Job Profitability Report.

Click on on the PreClick on on the Prevview icon. At the Job Profitability Report Fiew icon. At the Job Profitability Report Fiilter lter window, click on OK. Scroll down the screen to Job ID window, click on OK. Scroll down the screen to Job ID CUNNINGHAM-01.CUNNINGHAM-01.

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Partial Job Profitability Report, p. 198Partial Job Profitability Report, p. 198

Close the windows to return to the menu bar.Close the windows to return to the menu bar.

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Backing Up Chapter 6 Data, p. 199Backing Up Chapter 6 Data, p. 199

Complete steps 1-9 on p. 199 to back up Complete steps 1-9 on p. 199 to back up your data.your data.

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

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Chapter 6, Internet Activity, p. 199Chapter 6, Internet Activity, p. 199

11 Go to the book’s web site at Go to the book’s web site at www.mhhe.com/yacht2004www.mhhe.com/yacht2004

22 In the Student Center list, link to Internet Activities.In the Student Center list, link to Internet Activities.

33 Link to WEB EXERCISES PART 1Link to WEB EXERCISES PART 1..

44 Scroll down the screen to BUSINESS ENCYCLOPEDIA – Scroll down the screen to BUSINESS ENCYCLOPEDIA – Chapter 6. Read steps 1-3.Chapter 6. Read steps 1-3.

55 Use the Business Encyclopedia web site to look up words related Use the Business Encyclopedia web site to look up words related to accounting.to accounting.

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

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Going to the Net, p. 200Going to the Net, p. 200

Access the Sage Software web site at Access the Sage Software web site at www.sage.comwww.sage.com. This takes you to The Sage . This takes you to The Sage Group website.Group website.

1.1. Is the Sage Group the leading supplier of Is the Sage Group the leading supplier of accounting software around the world?accounting software around the world?

2.2. How many customers does The Sage How many customers does The Sage Group have worldwide?Group have worldwide?

3.3. How do you link to Peachtree Software from How do you link to Peachtree Software from the US Small Business link?the US Small Business link?