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, $9,600 for direct labor, and $5,376 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,900 for direct materials and $4,100 for direct labor.

Check my work 3 Required: la. Should any overhead cost be applied to Job W at year-end? O Yes 20 points O No eBook 1b. How much overhead cost should be applied to Job W? Print References Overhead cost 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? ORaw Materials OWork-in-Process O Finished Goods