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Media Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was estimated to be $207,000, direct professional

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Media Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was estimated to be $207,000, direct professional labor hours were estimated to be 23,000, and direct professional labor cost was projected to be $414,000. during the year, media incurred actual overhead costs of $203,700, actual direct professional labor hours of 22,500 and actual direct labor cost of $302,000. by year end, the firm's overhead was

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