Exercise 2-10 (Algo) Applying Overhead Cost to a Job [LO22] 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 $6,700 for direct materials. $8,900 for direct labor, and $5.607 for overhead on itsjob cost sheet. Job W. which is still in process at year-end. shows charges of $3,100 for direct materials and $5,000 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'sjob cost sheet be reported within Sigma Corporation's financial statements at the end ofthe year? Camplete this question by entering your answers in the tabs below. Required is Required lb Required 2 Should any overhead cost be applled to Job W at year-end? Required \"1 > Complete this question by entering your answers in the tabs below. Required 1a Required 1b Required 2 How much overhead cost should be applied to Job W? Overhead cost Complete this question by entering your answers In the labs below. Required 1a Required in Required 2 How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's nancial statements at the end of the year?