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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. Direct

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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. Direct material used Direct professional labor 3,5ee euros 5,690 euros The firm's budget for the year Included the following estimates: Budgeted overhead Budgeted direct professional labor see, eee euros 250.000 euros Overhead is applied to contracts using a predetermined overhead rate calculated annually. The rate is based on direct professional labor cost Required: Calculate the total cost of the firm's contract to redecorate the mayor's offices Total contract cost euros

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