Exorcise 2-10 (Algo) Applying Overhead Cost to a Job [L.O2-2] Sigme 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 56 , 300 for direct materials, $9 , 900 for direct labor, and $5 , 544 for overhead on its job cost sheet. Job W, which is stal in process at year-end, shows charges of $3 , 000 for direct. materiais and $5.200 for direct labor. Required: 1a. Should any ovemead cost be applied to job W at yeat-end? 16. How much overtiead cost should be applied to Job W? 2. How wil the costs included in Job Wis job cost sheot be reported within Sigma Corporation's financial statements at the end of the year