Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V. which was started and completed during the current perlod, shows charges of $6,300 for direct materlals, $8,500 for direct labor, and $4,760 for overhead on its job cost sheet Job Wi which is stilt in process at year-end, shows charges of $4,100 for direct materials and $4,900 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 10. How much overhead cost should be applied to Job W? 2. How will the costs included in Job W's job cost sheet be teported within Sigma Corporation's financial statements at the end of the year? Complete this question by enterine vour answars in the tabs below. How much overhead cost should be appliod to Job W? 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 $6,300 for direct materials, $8,500 for direct labor. and $4760 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,100 for direct materlals and $4,900 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 16. How much overhead cost should be applied to Job W? 2. How will the costs included in Job Ws job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Complete this question by entering vour anawers in the tabs below. the year