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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,

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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 $5,100 for direct materials, $9,300 for direct labor, and $5,394 for overhead on its job cost sheet. Job W. which is still in process at year-end, shows charges of $3,900 for direct materials and $4,400 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes No 1b. How much overhead cost should be applied to Job W? Answer is complete but not entirely correct. Overhead cost 8,300

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