1. Chapter 6: Job Cost Chapter 6: Job Cost McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.

2. 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 6-2

3. Peachtree Tip Peachtree Tip Jobs can be assigned to purchases of inventory, sales to customers, and payroll. The diagram below shows how Peachtree organizes job costing. (Refer to textbook p. 214.) 1) Setup 2) Tasks 3) Reporting 6-3

4. Backing Up Chapter 6 Backup Name Excel Report KB Page Nos. Chapter 6.ptb 3,842 KB 223 Exercise 6-2.ptb 3,839 KB 228 Exercise 6-2_Job Profitability Report.xlsx 16 KB 228 In Chapter 6, you make two backups. The Chapter 6.ptb backup is made on pages 223 and the Exercise 6-2.ptb backup is made on page 228. Refer to the chart shown on textbook page 2. The Exercise 6-2.ptb file backup is used for work in Part 4, Chapters 16-18. Do not delete the Exercise 6-2.ptb file. 6-4

5. Chapter 6: Glossary of Terms

6. Job Costing, p. 213 Peachtree’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. For Job Cost and Payroll, refer to pages 221-223 6-6

7. Chapter 6, Internet Activity, p. 224 1 Go to the book’s web site at www.mhhe.com/yacht2011. www.mhhe.com/yacht2011 2 Link to Student Edition. 3 In the Choose a Chapter field, select Chapter 6. Observe that the Quizzes and More Resources list includes additional activities. In the Course-wide Content list, link Internet Activities; then link to Part 1 Internet Activities for Chapter 1-8. Select Open or Save. 4 Scroll down the window to ENCYCLOPEDIA OF BUSINESS CASE TERMS – Chapter 6. Read steps 1-3. 5 Use 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. 6-7

8. Going to the Net, pp. 224-225 Access the Sage website at www.sage.com. Link to Sage Worldwide. Choose your location; for example, link to USA. The URL is http://www.sage.com/ourbusiness/sageworldwide. www.sage.com http://www.sage.com/ourbusiness/sageworldwidewww.sage.com http://www.sage.com/ourbusiness/sageworldwide In North America, how many small and medium sized businesses does Sage Software provide business management software to? List Sage Software’s brands. 6-8

9. Assessment Rubric, pp., 228-229 DateTransaction Navigation Center/Module Task Window Journal Dr./Cr. 3/26Sold two Bel-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. 3/26Invoice No. AND967 was received from Anderson'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. 3/29Amanda W. Chester worked one hour on the Franklin Botanical Gardens job. Apply her paycheck to this job. 6-9

10. Analysis Question, p. 229 Explain the interrelationships of jobs, purchases, sales and payroll. 6-10