Romano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run monthly usage of staff hours for Operating Departments 1 and 2 follow.
|
Dept. 1 |
Dept. 2 |
Total |
| Short-run usage (hours) |
86,000 |
126,000 |
212,000 |
| Long-run usage (hours) |
96,000 |
116,000 |
212,000 |
If Romano uses dual-cost accounting procedures and fixed administrative costs total $1,060,000, the amount of fixed administrative cost to allocate to Department 1 would be?