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

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Accounting

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:

$430,000.
$480,000.
$530,000.
$910,000.
None of these.

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