Dubois Decors is an interior decorator in St. Louis, Missouri. The following costs were incurred in the firm's contract to redecorate a corporate CEO's office. Direct material used Direct professional labor $35,000 $60,000 The firm's budget for the year included the following estimates: Budgeted overhead Budgeted direct professional labor $400,000 $250,000 Overhead is applied to contracts using a predetermined overhead rate calculated annually. The rate is based on direct professional labor cost. What is the total cost of the firm's contract to redecorate the CEO's office? Multiple Choice $155,000 $95,000