Exercise 2-10 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 $6,700 for direct materials, $10,000 for direct labor, and $6,000 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $4,200 for direct materials and $5,700 for direct labor. Required: 10. Should any overhead cost be applied to Job W at yearend? Yes No 16. How much overhesd cost should be applied to Job w? 2. Hew will the costs included in Job Ws job cost sheot be reponed within Sigma Corporation's fnancial statements at the end of the year? Raw Moterials Work-in-Process Finished Goods Exercise 2-10 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 $6,700 for direct materials, $10,000 for direct labor, and $6,000 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $4,200 for direct materials and $5,700 for direct labor. Required: 10. Should any overhead cost be applied to Job W at yearend? Yes No 16. How much overhesd cost should be applied to Job w? 2. Hew will the costs included in Job Ws job cost sheot be reponed within Sigma Corporation's fnancial statements at the end of the year? Raw Moterials Work-in-Process Finished Goods