Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and complete

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Sigma Corporation Applies Overhead Cost To Jobs On The Basis Of Direct Labor Cost Job V Which Was Started And Complete 1 (32.98 KiB) Viewed 22 times

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, $8,100 for direct labor, and $4,698 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,500 for direct materials and $5,400 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. 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 b Required 2 Should any overhead cost be applied to Job W at year-end? Should any overhead cost be applied to Job Wat year-end? Required La Required 1b >