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Grassley Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and...

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Accounting

Grassley 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.
Department 1 Department 2 Total
Short-run usage (hours)49,00073,000122,000
Long-run usage (hours)57,00065,000122,000
If Grassley uses dual-cost accounting procedures and variable administrative costs total $280,000, the amount of variable administrative cost to allocate to Department 1 would be: (Do not round intermediate calculations.)
Multiple Choice
$112,459.
$106,000.
$130,820.
$122,000.
None of the answers is correct.

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