Computer Accounting with

Peachtree by Sage Complete

Accounting 2012 16th
Edition
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Chapter 06

Job Cost

True / False Questions

1. Peachtree lets you assign JOB ID codes to purchases, sales, and employee
hours.

True False

2. Peachtree's job costing feature allows you to track the costs incurred while
performing a job.

True False

3. The Job ID FRANKLIN is the same as Franklin.

True False

4. After selecting Armstrong's Landscaping as the Vendor ID, Account No.

75500, Supplies Expense, is the default account displayed on the
Purchases/Receive Inventory window.

True False

5. The Purchases/Receive Inventory window displays Account No. 40000-EQ,

Sales-Equipment, as the default account Franklin Botanical Gardens
(FRANKLIN).

True False
6. Alex C. Kornel, the employee who applied the wood treatment, spent 3 hours
doing the job.

True False

7. The Job Profitability Report breaks down each job according to what was
spent or earned for each affected general ledger account.

True False

8. The Job Profitability Report shows the profit or loss for each job.

True False

9. Chapter 6 shows how Peachtree tracks the commission made on jobs.

True False

10. The data backed up in Exercise 6-2 will be used in Part 4, Chapters 16-18.

True False

Multiple Choice Questions

11. After completing the exercises in Chapter 5, restore the following backup to
start Chapter 6.

A. Chapter 5.ptb

B. Exercise 5.ptb

C. Exercise 5-2.ptb

D. Exercise 5-1.ptb

E. Bgs.ptb

12. You need to set up a Job ID for Franklin Botanical Gardens in Chapter 6, so
that you can track:

A. The employees' expenses and miles driven to the job

B. How much the merchandise cost

C. How much the merchandise sold for

D. The supplies and employee hours charged to this customer

E. Employee expenses and cost of inventory

13. To record a Job ID, you need to make the following selections:

A. Tasks; Maintain; Employees, New Job

B. Customers & Sales; Jobs, New Job

C. Vendors & Purchases; Jobs, New Job

D. Tasks; Job ID

E. Tasks; Maintain, Vendors

14. The Description for Job ID FRANKLIN is:

A. Florence Art Supply

B. Felix and Kitty

C. Franklin Body Shop Garages

D. Franklin Botanical Gardens

E. Frank's Garden Center

15. The start date for the Franklin Botanical Gardens job is:

A. January 3, 2012

B. February 3, 2012

C. March 3, 2012

D. March 4, 2012

E. April 3, 2012

16. The job type for Franklin Botanical Gardens:

A. LAND

B. Land

C. Products

D. SUPPLY

E. Items
17. The Franklin Botanical Gardens job has the following special circumstance:

A. It is a motel overlooking a freeway

B. It is a hotel near the airport

C. It is a new building overlooking a park

D. It is an apartment complex with surrounding gardens

E. A newly remodeled building

18. On the Navigation Bar, make the following selections to apply the sale of an
irrigation system to the Franklin Botanical Gardens job:

A. Customers & Sales Navigation Center, click on the Sales Invoices icon and
select New Sales Invoice

B. Customers & Sales Navigation Center, click on the Sales Invoices icon and
select View and Edit Sales Invoices

C. Vendor & Purchases Navigation Center, click on Purchase Orders and

select new Purchase Order

D. Customers & Sales Navigation Center, click on the Jobs icon and select
New Jobs

E. Inventory & Services Navigation Center, select the Inventory Items icon,
then select View and Edit
19. To display the Job Profitability Report, make the following menu bar
selections:

A. Reports & Forms; Payroll Reports, Job Profitability Report, Preview

B. Reports & Forms; Jobs, Job Profitability Report, Display

C. Reports & Forms; Jobs, Job Lists, Preview

D. Reports & Forms; Payroll, Jobs Profitability Report, Display

E. Tasks; Inventory Adjustments

20. On the Navigation Bar, make the following selections to apply the purchase of
the special wood treatment:

A. Customer & Sales Navigation Center, click on the Sales Invoices icon and
select New Sales Invoice

B. Vendors & Purchases Navigation Center, click on the Enter Bills icon and
select New Bill

C. Vendors & Purchases Navigation Center, click on the Purchase Orders icon
and select New Purchase Order

D. Vendors & Purchases Navigation Center, click on the Vendors icon and
select New Vendor

E. Customer & Sales Navigation Center, click on the Sales Orders icon
 Chapter 06 Job Cost Answer Key

True / False Questions

1. Peachtree lets you assign JOB ID codes to purchases, sales, and employee
hours.

TRUE

2. Peachtree's job costing feature allows you to track the costs incurred while
performing a job.

TRUE

3. The Job ID FRANKLIN is the same as Franklin.

FALSE

Peachtree is case sensitive: FRANKLIN is not the same as Franklin.

4. After selecting Armstrong's Landscaping as the Vendor ID, Account No.
75500, Supplies Expense, is the default account displayed on the
Purchases/Receive Inventory window.

FALSE

Account No. 57200, Materials Cost, is the default account displayed on

Purchases/Receive Inventory window.

5. The Purchases/Receive Inventory window displays Account No. 40000-EQ,

Sales-Equipment, as the default account Franklin Botanical Gardens
(FRANKLIN).

FALSE

The Sales/Invoicing window displays Account No. 40000-EQ, Sales-

Equipment as the default account for Franklin Botanical Gardens
(FRANKLIN).

6. Alex C. Kornel, the employee who applied the wood treatment, spent 3
hours doing the job.

FALSE

The employee, Alex C. Kornel, spent one hour applying the wood treatment.
7. The Job Profitability Report breaks down each job according to what was
spent or earned for each affected general ledger account.

TRUE

8. The Job Profitability Report shows the profit or loss for each job.

TRUE

9. Chapter 6 shows how Peachtree tracks the commission made on jobs.

FALSE

Chapter 6 shows how to set up jobs and to track purchases, sales, and
employee hours for specific jobs.

10. The data backed up in Exercise 6-2 will be used in Part 4, Chapters 16-18.

TRUE

Multiple Choice Questions

11. After completing the exercises in Chapter 5, restore the following backup to
(p. 209)
start Chapter 6.

A. Chapter 5.ptb

B. Exercise 5.ptb

C. Exercise 5-2.ptb

D. Exercise 5-1.ptb

E. Bgs.ptb

Difficulty: 1 Easy

12. You need to set up a Job ID for Franklin Botanical Gardens in Chapter 6, so
(p. 210-
that you can track:
211)

A. The employees' expenses and miles driven to the job

B. How much the merchandise cost

C. How much the merchandise sold for

D. The supplies and employee hours charged to this customer

E. Employee expenses and cost of inventory

Difficulty: 3 Hard
13. To record a Job ID, you need to make the following selections:
(p. 210)

A. Tasks; Maintain; Employees, New Job

B. Customers & Sales; Jobs, New Job

C. Vendors & Purchases; Jobs, New Job

D. Tasks; Job ID

E. Tasks; Maintain, Vendors

Difficulty: 2 Medium

14. The Description for Job ID FRANKLIN is:

(p. 210)

A. Florence Art Supply

B. Felix and Kitty

C. Franklin Body Shop Garages

D. Franklin Botanical Gardens

E. Frank's Garden Center

Difficulty: 1 Easy
15. The start date for the Franklin Botanical Gardens job is:
(p. 211)

A. January 3, 2012

B. February 3, 2012

C. March 3, 2012

D. March 4, 2012

E. April 3, 2012

Difficulty: 1 Easy

16. The job type for Franklin Botanical Gardens:

(p. 211)

A. LAND

B. Land

C. Products

D. SUPPLY

E. Items

Difficulty: 1 Easy
17. The Franklin Botanical Gardens job has the following special
(p. 211)
circumstance:

A. It is a motel overlooking a freeway

B. It is a hotel near the airport

C. It is a new building overlooking a park

D. It is an apartment complex with surrounding gardens

E. A newly remodeled building

Difficulty: 2 Medium

18. On the Navigation Bar, make the following selections to apply the sale of
(p. 214-
an irrigation system to the Franklin Botanical Gardens job:
215)

A. Customers & Sales Navigation Center, click on the Sales Invoices icon
and select New Sales Invoice

B. Customers & Sales Navigation Center, click on the Sales Invoices icon
and select View and Edit Sales Invoices

C. Vendor & Purchases Navigation Center, click on Purchase Orders and

select new Purchase Order

D. Customers & Sales Navigation Center, click on the Jobs icon and select
New Jobs

E. Inventory & Services Navigation Center, select the Inventory Items icon,
then select View and Edit

Difficulty: 3 Hard
19. To display the Job Profitability Report, make the following menu bar
(p. 217)
selections:

A. Reports & Forms; Payroll Reports, Job Profitability Report, Preview

B. Reports & Forms; Jobs, Job Profitability Report, Display

C. Reports & Forms; Jobs, Job Lists, Preview

D. Reports & Forms; Payroll, Jobs Profitability Report, Display

E. Tasks; Inventory Adjustments

Difficulty: 3 Hard

20. On the Navigation Bar, make the following selections to apply the purchase
(p. 212)
of the special wood treatment:

A. Customer & Sales Navigation Center, click on the Sales Invoices icon
and select New Sales Invoice

B. Vendors & Purchases Navigation Center, click on the Enter Bills icon and
select New Bill

C. Vendors & Purchases Navigation Center, click on the Purchase Orders

icon and select New Purchase Order

D. Vendors & Purchases Navigation Center, click on the Vendors icon and
select New Vendor

E. Customer & Sales Navigation Center, click on the Sales Orders icon

Difficulty: 2 Medium