Excercise 2-10 (algo) Applying Overhead Cost to a job [LO2-2]

Exercise 2-10 (Algo) Applying Overhead Cost to a Job [LO 2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,700 for direct materials, $8,100 for direct labor, and $4.779 for overhead on its job cost sheet. Job W, Which is still in process at year-end, shows charges of $2,700 for direct materials and $5,700 for direct labori Required: 1a Should any overhead cost be applied to Job W at year-end? 16. How much overhead cost should be applied to Job W? 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Complete this question by enterina your answers in the tabs below. Should any overhead cost be applied to Job W at year-end? Should any overhead cost be applied to Job Wat year-end? Exercise 2-10 (Algo) Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the. current period, shows charges of $5,700 for direct materials, $8,100 for direct labor, and $4,779 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,700 for direct materials and $5,700 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. How much overhead cost should be applied to Job W? 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Complete this question by entering your answers in the tabs below. How much overhead cost should be applied to Job W? Sigma Corporation applies ovethead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current penod, shows charges of $5,700 for direct matenals, $8,100 for directlabor, and $4779 for overhead on its job cost sheet Job W, which is stili in process at year-end, shows charges of $2.700 for direct materials and $5,700 for direct labor. Required: 1a. Should any overhead cost be upplied to Job W at year-end? 16. How much overhead cost should be applied to Job W? 2. How will the costs included in Job Ws job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Complete this question by entering your answers in the tabs below. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year