Fine & Associates is an interior decorating firm in Tucson. The following costs were incurred in a project to redecorate the mayor's offices: Direct material $ 29,000 Direct professional labor 42,000 The firm's budget for the year included the following estimates: Budgeted overhead $800,000 Budgeted direct professional labor 640,000 Overhead is applied to contracts by using a predetermined overhead rate that is based on direct professional labor cost. Actual professional labor during the year was $655,000 and actual overhead was $793,000. Required: A. Determine the total cost to redecorate the mayor's offices. B. Calculate the under- or overapplied overhead for the year. Be sure to label your