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Loraine company has two departments. relevant information is presented below: department 1 department 2 budgeted...

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Accounting

Loraine company has two departments. relevant information is presented below:

department 1 department 2 budgeted

gross margin $100,000 $500,000

actual gross margin $200,000 $600,000

budgeted sales $500,000 $2,000,000

actual sales $300,000 $2,100,000

corporate management salaries are $3,000,000.

the salaries are allocated based on sales using the preferred approach. what amount of salaries is allocated to department 1?

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