Transcript Job Cost

Chapter 6:
Job Cost
Job Cost
Chapter 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
JOBS
Hours Worked
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Software Objectives, p. 181
Restore data from Exercise 5-2. (This back up
was made on p. 179.)
Learn about Peachtree’s Job Cost system.
Set up a job.
Coordinate job costs with purchases, sales,
and payroll.
Display a Job Profitability Report.
Make two backups: one blank, formatted disk
for Chapter 6; one blank, formatted disk for
Exercise 6-2.
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Web Objectives, p. 181
Use your Internet browser to go to the book’s
web site at www.mhhe.com/yacht2003
Complete the Internet activity for “Business
Encyclopedia.”
Complete the steps shown for this activity.
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Peachtree Tip
Jobs can be assigned to purchases of
inventory, sales to customers, and payroll.
The Exercise 6-2 backup file will be used in
Part 4, Chapters 15, 17, and 18. You should
not reformat this disk.
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Backing Up Chapter 6
Use one blank, formatted disk to back up Chapter 6 on
pages 194-195. You will need another blank, formatted
disk to back up Exercise 6-2 on page 199. 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.
Disks
Backup Name
KB
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A:\Chapter 6
867 KB
Page
Nos.
194-195
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A:\Exercise 6-2
865 KB
199
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Chapter 6 Topics
1.
2.
3.
4.
5.
6.
7.
8.
Software & web objectives, p. 181
Getting started, pp. 182-184
Job Costing and Purchases: Purchasing
Inventory Items for Jobs, pp. 184-186
Job Costing and Sales, pp. 187-188
Job Cost and Payroll, pp. 189-191
Job Cost Reports, pp. 191-192
Backing up Chapter 6 Data, pp. 192-193
Internet Activity, p. 193
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Chapter 6 Topics
9.
Summary and review, pp. 193-194
a. Going to the net, p. 194
b. Short-answer questions, pp. 194-196
c. Exercise 6-1, pp. 196-197
d. Exercise 6-2, p. 197
e. Chapter 6 index, p. 198
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Completed “Maintain Jobs” window, p. 184
Click on Maintain, then Jobs. Complete steps 4 – 9 on pages
183 and 184.
Save this job, then return to the menu bar.
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Completed “Purchases/Receive Inventory”
window, p. 186
Click on Tasks, then Purchases/Receive Inventory. Complete steps
2 – 8 on pages 185-186.
Click on “Save” to post this purchase. Then, return to the menu bar.
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Completed “Sales/Invoicing” window, p. 188
From the “Tasks” pull-down menu, select Sales/Invoicing.
Complete steps 2 – 8 on pages 187 and 188.
Click on “Save” to post this invoice. Then, return to the menu bar.
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“Labor Distribution to Jobs” window, p. 189
Click on “Tasks,” then Payroll Entry. Complete steps 2 – 5 on page
189. Select “Brandon A. Hughes” as the employee. Type 28 in the
“Date” and “Pay Period” boxes. Select the “Jobs” icon.
Select the “Row” icon, then “Add” to add a distribution line.
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Add a job, p. 190
Select the empty job row. Then, with the mouse
pointer on the empty Job row, click the right mouse
button. With your left mouse button, click on
“MACKAY-01” to highlight it.
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Adding a job, p. 190
Type 1 in the “Hours” column. Press <Enter>.
Click on <OK>. Click on “Save” to post the
paycheck. Close the window.
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Job Cost Reports, p. 191
From the Reports pull-down menu, select Jobs. In the “Report List,”
click on “Job Profitability Report.”
Click on on the “Preview” icon. At the “Job Profitability Report Filter”
window, click on OK. Scroll down the screen to Job ID MACKAY-01.
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Job Profitability Report, p. 192
The “Job Profitability Report” is displayed on
page 192.
Close the windows to return to the menu bar.
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Chapter 6, Internet Activity, p. 193
1
Go to the book’s web site at www.mhhe.com/yacht2003
2
3
4
In the “Student Center” list, link to Internet Activities.
5
Use the Business Encyclopedia web site to look up words related
to accounting.
6
Follow the steps on the book’s web site to complete this Internet
activity.
Link to WEB EXERCISES PART 1.
Scroll down the screen to “BUSINESS ENCYCLOPEDIA –
Chapter 6.” Read steps 1-3.
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Going to the Net, p. 195
Access the Sage Software web site at
www.sage.com. This takes you to The Sage
Group plc website.
1. Is the Sage Group the leading supplier of
accounting software around the world?
2. How many customers does The Sage
Group have worldwide?
3. How do you link to Peachtree Software from
the “US Small Business” link?
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