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 $5,800 for direct materials, $9,000 for direct labor, and $5,490 for overhead on its job cost sheet. job w, which is still in process at year-end, shows charges of $4,000 for direct materials and $5,600 for direct labor. required: 1a. should any overhead cost be applied to job w at year-end? yes no 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? raw materials work-in-process finished goods

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?