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 $$5,400$ for direct materials, $$8,200$ for direct labor, and $$5,248$ for overhead on its job cost sheet.

Job W$,$ which Is still in process at year$-$end, shows charges of $$3,700$ for direct materlals and $$5,600$ for direct labor.

Required:

$1$a$.$ Should any overhead cost be applied to Job W at year$-$end?

$1$b$.$ How much overhead cost should be applied to Job W$?$

How will the costs included in Job W$\text{'}$s job cost sheet be reported within Sigma Corporation's financial statements at the end of the

year?

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Should any overhead cost be applied to Job W at year$-$end?

Should any overhead cost be applied to Job W at year$-$end?