Chapter 6: Job Cost Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Copyright (c)2015 by The McGraw-Hill Companies, Inc. All rights reserved.

Job Cost Chapter 6 shows you how to use the Job Cost System. Sage 50 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 6-2 Copyright (c)2015 by The McGraw-Hill Companies, Inc. All rights reserved.

Sage 50 Tip Jobs can be assigned to purchases of inventory, sales to customers, and payroll. The diagram below shows how Sage 50 organizes job costing. Setup 2) Tasks 3) Reporting 6-3 Copyright (c)2015 by The McGraw-Hill Companies, Inc. All rights reserved.

Backing Up Chapter 6 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. Backup Name Excel Report KB Page Nos. Chapter 6.ptb 3,631 KB 200 Exercise 6-2.ptb 3,644 KB 202 Exercise 6-2_Job Profitability Report.xlsx 16 KB Exercise 6-2_Job Profitability Report.pdf 67 KB 6-4 Copyright (c)2015 by The McGraw-Hill Companies, Inc. All rights reserved.

Job Costing and Purchasing When purchasing inventory items for jobs, the Purchases/Receive Inventory window is used. 6-5

Job Costing and Sales The Sales/Invoicing window is used to record inventory sold and to select the appropriate job. 6-6

Chapter 6: Glossary of Terms 6-7 Copyright (c)2015 by The McGraw-Hill Companies, Inc. All rights reserved.

Job Costing 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 to track expenses and income and then determine how much detail is needed. 6-8 Copyright (c)2015 by The McGraw-Hill Companies, Inc. All rights reserved.

Online Learning Center Go online to www.mhhe.com/yacht2015 for additional resources. Link to Student Edition, select Chapter 6. Interactive Testing Appendix C: Review of Acctg. Glossary of Terms Appendix D: Glossary of Terms Feature Quizzes Narrated PowerPoints Assessment Rubrics Going to the Net QA Templates 6-9

Going to the Net Access the Sage website at http://na.sage.com/us/sage-50-accounting. Answer these questions. What Sage 50 products are shown? Briefly describe the features of Pro, Premium, and Quantum. What does Sage 50 Quantum Accounting include that Pro and Premium does not? 6-10 Copyright (c)2015 by The McGraw-Hill Companies, Inc. All rights reserved.

Analysis Question Explain the interrelationships of jobs, purchases, sales and payroll. 6-11

Navigation Center/Module Assessment Rubric Date Transaction Navigation Center/Module Task Window Journal Dr./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. Invoice No. AD967 was received from Adler'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. 6-12