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Exercise 2-10 Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct lebor cost. Job V,

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Exercise 2-10 Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct lebor cost. Job V, which was started and completed during the current period, shows charges of $5,700 for direct materials, $9,300 for direct labor, and $5,487 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,700 for direct materials and $4,600 for direct iabor. Required: 1a. Should any overtiead cost be applied to Job W at year-end? Yes No 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 Corporations financial statements at the end of the year? Raw Materials Workin-Process Finished Goods

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