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Sigma Corporation applies overhead cost tojobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows
Sigma Corporation applies overhead cost tojobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,700 for direct materials, $9,200 for direct labor, and $6,624 for overhead on its job cost sheet. Job W, which is still in process at yearend, shows charges of $2,700 for direct materials and $5,200 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at yearend? 1b. How much overhead cost should be applied to Job W? 2. How will the costs included in Job W'sjob cost sheet be reported within Sigma Corporation's nancial statements at the end of the year? Complete this question by entering your answers in the tabs below. Required 1b Required 2 Required 1a How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's nancial statements at the end of the year?
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