1. Chapter 6: Job Cost Chapter 6: Job Cost

2. ©The McGraw-Hill Companies, Inc., 2004 2 of 18 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. PurchasesSales Hours Worked JOBS

3. ©The McGraw-Hill Companies, Inc., 2004 3 of 18 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.

4. ©The McGraw-Hill Companies, Inc., 2004 4 of 18 Web Objectives, p. 181 Use your Internet browser to go to the book’s web site at www.mhhe.com/yacht2003 www.mhhe.com/yacht2003 Complete the Internet activity for “Business Encyclopedia.” Complete the steps shown for this activity.

5. ©The McGraw-Hill Companies, Inc., 2004 5 of 18 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.

6. ©The McGraw-Hill Companies, Inc., 2004 6 of 18 Backing Up Chapter 6 Disks Backup Name KB Page Nos. 12 of 18 A:\Chapter 6 867 KB 194-195 13 of 18 A:\Exercise 6-2 865 KB 199 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.

7. ©The McGraw-Hill Companies, Inc., 2004 7 of 18 Chapter 6 Topics 1. Software & web objectives, p. 181 2. Getting started, pp. 182-184 3. Job Costing and Purchases: Purchasing Inventory Items for Jobs, pp. 184-186 4. Job Costing and Sales, pp. 187-188 5. Job Cost and Payroll, pp. 189-191 6. Job Cost Reports, pp. 191-192 7. Backing up Chapter 6 Data, pp. 192-193 8. Internet Activity, p. 193

8. ©The McGraw-Hill Companies, Inc., 2004 8 of 18 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

9. ©The McGraw-Hill Companies, Inc., 2004 9 of 18 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.

10. ©The McGraw-Hill Companies, Inc., 2004 10 of 18 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.

11. ©The McGraw-Hill Companies, Inc., 2004 11 of 18 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.

12. ©The McGraw-Hill Companies, Inc., 2004 12 of 18 “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.

13. ©The McGraw-Hill Companies, Inc., 2004 13 of 18 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.

14. ©The McGraw-Hill Companies, Inc., 2004 14 of 18 Adding a job, p. 190 Type 1 in the “Hours” column. Press. Click on. Click on “Save” to post the paycheck. Close the window.

15. ©The McGraw-Hill Companies, Inc., 2004 15 of 18 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.

16. ©The McGraw-Hill Companies, Inc., 2004 16 of 18 Job Profitability Report, p. 192 The “Job Profitability Report” is displayed on page 192. Close the windows to return to the menu bar.

17. ©The McGraw-Hill Companies, Inc., 2004 17 of 18 Chapter 6, Internet Activity, p. 193 1 Go to the book’s web site at www.mhhe.com/yacht2003 www.mhhe.com/yacht2003 2 In the “Student Center” list, link to Internet Activities. 3 Link to WEB EXERCISES PART 1. 4 Scroll down the screen to “BUSINESS ENCYCLOPEDIA – Chapter 6.” Read steps 1-3. 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.

18. ©The McGraw-Hill Companies, Inc., 2004 18 of 18 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. www.sage.com 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?