Exercise 3-37 Project Costing; Interior Decorating ( LO 3-1, 3-8) Design Arts Associates is an interior decorating firm in Berlin. The following costs were incurred in the firm's contract to redecorate the mayor's offices. The frm's budget for the year included the following estimates: Overhead is applied to contmets using a predetermined overicad rate calculated annually. The rate is based on direet professional labor cost. Required: Calculate the total cost of the firm's contract to redecorate the mayor's offices. (Remember to express jour auswer in terms of cures.)