Exercise 2-12 (Algo) Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs based on direct labor cost. Job V, which was started and completed duning the curtent period, shows charges of $6.500 for direct materials, $8700 for direct labor, and $6.177 for overhead on its job cost sheet, Job W, which is still in process at year-end, shows charges of $3,100 for direct materials and $4,800 for direct labor. Required: 1a. Should any overnead cost be applied to Job W at year-end? 16. How much overhead cost should be applied to Job W? 2. How wal the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial stateglents or the end of the year? Complete Uirs question by entring yoar amwers in the then below