1. Chapter 6: Job Cost Chapter 6: Job Cost Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

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. Software Objectives, p. 205 1. Restore data from Exercise 5-2. (This backup was made on p. 203.) 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

4. Web Objectives, p. 205 Use your Internet browser to go to the book’s web site at www.mhhe.com/yacht2009. www.mhhe.com/yacht2009 Complete the Internet activity for Business Encyclopedia. Complete the steps shown for this activity. 6-4

5. Peachtree Tip Jobs can be assigned to purchases of inventory, sales to customers, and payroll. 6-5

6. Backing Up Chapter 6 Backup Name KB Page Nos. Chapter 6 4,027 KB 214-215 Exercise 6-2 4,036 KB 219 In Chapter 6, you make two backups. The Chapter 6.ptb backup is made on pages 214-215 and the Exercise 6-2.ptb backup is made on page 219. 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

7. Chapter 6 Topics 1. Software & web objectives, p. 205 2. Getting started, pp. 206-208 3. Job Costing and Purchases: Purchasing Inventory Items for Jobs, pp. 208-210 4. Job Costing and Sales, pp. 210-212 5. Job Cost and Payroll, pp. 212-213 6. Job Cost Reports, p. 213-214 7. Backing up Chapter 6 Data, pp. 214-215 8. Internet Activity, p. 215 6-7

8. Chapter 6 Topics 9. Summary and review, pp. 215-216 a. Going to the net, p. 216 b. Short-answer questions, pp. 216-218 c. Exercise 6-1, p. 218-219 d. Exercise 6-2, p. 219 e. Analysis question, p. 219 f. Chapter 6 index, p. 220 f. Chapter 6 index, p. 220 6-8

9. Completed Maintain Jobs window, pp. 207-208 From the Customers & Sales page, click then select New Job. Complete steps 4 – 8 on p. 207. Save this job. 6-9

10. Completed Purchases/Receive Inventory window, pp. 208-210 From the Vendors & Purchases page, select ; New Bill. Complete steps 2 – 8 on page 209. The Purchases/Receive inventory window is shown on p. 210. Click on Save to post this purchase. 6-10

11. Completed Sales/Invoicing window, pp. 210-212 Select ;, New Sales Invoice. Complete steps 2 – 8 on p. 211. The Sales/Invoicing window is shown on p. 211. Click on Save to post this invoice. 6-11

12. Job Cost and Payroll, pp. 212-213 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. 212, the Labor Distribution to Jobs window appears, p.213. 6-12

13. Job Cost Reports, p. 213-214 From 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. 6-13

14. Backing Up Chapter 6 Data, pp. 214-215 Complete steps 1-6 on pp. 214-215 to back up your data. The suggested file name is Chapter 6. 6-14

15. Chapter 6, Internet Activity, p. 215 1 Go to the book’s web site at www.mhhe.com/yacht2009. www.mhhe.com/yacht2009 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. 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. 6-15

16. Going to the Net, p. 216 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 How many small and medium sized businesses does Sage Software provide business management software to? List Sage Software’s brands. 6-16