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Chapter 6 Job Cost McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved.

Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

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Page 1: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Chapter 6

Job Cost

McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved.

Page 2: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Job CostChapter 6 shows you how to use Peachtree’s

Job Cost System. Peachtree lets you assign

Job ID codes to purchases, sales, and

employee hours. This way, you can track how

each of these factors impacts costs for a

specific job.

Purchases Sales

Hours Worked

JOBS

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Page 3: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Software Objectives, p. 191

1. Restore data from Exercise 5-2. (This

backup was made on p. 188.)

2. Learn about PCA's Job Cost system.

3. Set up a job.

4. Coordinate job costs with purchases,

sales, and payroll.

5. Display a Job Profitability Report.

6. Make two backups: Backup Chapter

6 data; and backup Exercise 6-2.

6-3

Page 4: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Web Objectives, p. 191

Use your Internet browser to go to the book’s

web site at www.mhhe.com/yacht2008.

Complete the Internet activity for Business

Encyclopedia.

Complete the steps shown for this activity.

6-4

Page 5: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Peachtree Tip

Jobs can be assigned to purchases of

inventory, sales to customers, and payroll.

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Page 6: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Backing Up Chapter 6

Backup Name KB Page Nos.

Chapter 6 3, 457 KB 199-200

Exercise 6-2 3,459 KB 204

In Chapter 6, you make two backups. The Chapter

6.ptb backup is made on pages 199-200 and the

Exercise 6-2.ptb backup is made on page 204. 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.

6-6

Page 7: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Chapter 6 Topics

1. Software & web objectives, p. 191

2. Getting started, pp. 192-194

3. Job Costing and Purchases: Purchasing

Inventory Items for Jobs, pp. 194-196

4. Job Costing and Sales, pp. 196-197

5. Job Cost and Payroll, pp. 197-199

6. Job Cost Reports, p. 199

7. Backing up Chapter 6 Data, pp. 199-200

8. Internet Activity, p. 200

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Page 8: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Chapter 6 Topics

9. Summary and review, pp. 200-201

a. Going to the net, p. 201

b. Short-answer questions, pp. 201-203

c. Exercise 6-1, p. 203

d. Exercise 6-2, p. 204

e. Chapter 6 index, p. 205

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Page 9: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Completed Maintain Jobs window, p. 193

From the Customers & Sales page, click then select

New Job. Complete steps 4 – 8 on p. 193.

Save this job.

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Page 10: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Completed Purchases/Receive Inventory

window, pp. 194-196

From the Vendors & Purchases page, select ; New Bill. Complete steps 2 – 8 on pages 194-195. The Purchases/Receive inventory window is shown on p. 195.

Click on Save to post this purchase.

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Page 11: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Completed Sales/Invoicing window, pp. 196-197

Select ; , New Sales Invoice. Complete steps 2 – 8 on p. 196. The Sales/Invocing window is shown on p. 197.

Click on Save to post this invoice. 6-11

Page 12: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Job Cost and Payroll, pp. 197-198

From the Navigation Bar, select ; , Enter Payroll for One Employee. Select Alex C. Kornel as the employee. Type 29 in the Date and Pay Period boxes. Select the Jobs icon. After completing steps 2-7 on p. 198, the Labor Distribution to Jobs window appears, p.198.

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Page 13: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Job Cost Reports, p. 199From the Reports & Forms menu, select Jobs. The Select a Report or Form window displays.

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

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Page 14: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Backing Up Chapter 6 Data, pp. 200-201

Complete steps 1-6 on pp. 200-201 to

back up your data.

The suggested file name is Chapter 6.

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Page 15: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Chapter 6, Internet Activity, p. 2001 Go to the book’s web site at www.mhhe.com/yacht2008.

2 Link to Student Edition.

3

In the Course-wide content list, link to Internet Activities; then link to Part

1 Internet Activities for Chapters 1-8. Open or Save. (In the Choose a

Chapter field if you select Chapter 6 observe that chapter-specific links

are available; for example, Multiple Choice Quiz, True or False,

PowerPoint Presentations and Going to the Net Exercises.) The Course-

wide Content also includes a Glossary link.

4Scroll down the window to ENCYCLOPEDIA OF BUSINESS CASE

TERMS – Chapter 6. Read steps 1-3.

5Use the Business Encyclopedia website to look up words related to

accounting.

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

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Page 16: Chapter 6 Job Cost - MCCChorowitk/documents/Chap006.pdf · Job Cost Chapter 6 shows you how to use Peachtree’s Job Cost System. Peachtree lets you assign Job ID codes to purchases,

Going to the Net, p. 201

Access the Sage website at www.sage.com. Choose your location; for example, select North America. Click Go.

What two areas does Sage Software focus on?

Link to

http://www.sagesoftware.com/products/index.cf

m?tab=2&page=1&customer=2&category=1.

Select Small Businesses and Medium

Businesses; then link Accounting & Financials.

What products does Sage Software offer Small

and Medium-Sized businesses?

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