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Sigma corporation applies overhead cost to jobs on the basis of direct labor cost. Job V which was stated and completed during the current period,
Sigma corporation applies overhead cost to jobs on the basis of direct labor cost. Job V which was stated and completed during the current period, shows charges of $6,500 for direct materials. $9000 for direct labor, and $5,850 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,500 for direct materials and $4,900 for direct labor 1a: should any overhead cost be applied to Job W at year-end? 1b: how much overhead cost should be applied to Job W 2. How will the costs included in Job W's cost sheet be reported within Sigma Corporation's financial statement at the end of the year
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