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Computerized Accounting With
PEACHTREE COMPLETE ACCOUNTING 2012
CHAPTER 11 QUIZ
TRUE/FALSE – MULTIPLE CHOICE QUESTIONS:
1.
When creating a new job cost, what dollar amounts do you enter in the Maintain
Jobs window?
a. estimated expenses
b. estimated revenues
c. estimated profit
d. Both a and b
e. Both b and c
2.
If the Cost Code ID field on the Estimated Expenses & Revenue tab is disabled in
the Maintain Jobs window for a phase, which of the following is true?
a. No estimated expenses/revenues were specified for that phase.
b. The phase does not use cost codes.
c. The phase does not use job codes.
d. None of the above
3.
Which Peachtree function is used to record the purchase of materials for a job?
a. Purchases/Receive Inventory
b. Inventory
c. Job Costs
d. Sales/Invoicing
4.
Which Peachtree function is used to access phase and cost codes in order to apply
costs and revenue to a particular job?
a. Purchases/Receive Inventory
b. Payroll and Sales functions
c. a and b
d. None of the above
5.
Which of the following are considerations when tracking job costs?
a. You can provide management with an overview of how the job is progressing.
b. It allows management to take action if actual costs begin exceeding estimated
costs.
c. You should avoid using too many phases when tracking a job because the cost
of managing the many phases may outweigh the benefit.
d. It allows management to bill a customer when a phase in the project has been
completed.
e. All of the above
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6.
Which option from the Payroll Entry toolbar would you use to allocate labor costs
to a job?
a. Journal
b. Event
c. Reports
d. Jobs
e. Either of the above
MATCHING QUESTIONS:
A.
B.
C.
D.
E.
F.
Estimated Job Expenses
job costing
Job ID
Jobs with Phases
Job Profitability Report
phase
1. Represents a different stage of the overall project
2. A report that lists the actual expenses, revenues, and profit for a job
3. The alphanumeric identifier assigned to each job in the Maintain Jobs window
4. A report that lists the estimated expenses for current and completed jobs during a
given time period
5. Keeping a record of the materials, labor, and other items used to complete a job
and determining the total cost of the job
6. A job costing method used when a job is divided into different stages
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