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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
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 $6,500 for direct materials $9,200 for direct labor, and $6,440 for overhead on its jub cost sheet Job W, which is still in process at year end, shows charges of $2,000 for direct materials and $5,400 for direct labor Required: 1a Should any overhead cost be applied to Job W at year-end? b How much overhead cost should be applied to Job W 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? Complete this question by entering your answers in the tabs below Required la Required 1b Required 2 Should any overhead cost be applied to Job W at year-end? Shedd any vertinad cost be aggled to Job Wat year an Required 1b>
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