A city manager of a major urban city makes $124,200 in salary and benefits this year.

This amount needs to be allocated to twenty-four programs in the city’s program budget that includes an economic development program that promotes employment opportunities and economic growth of the city. It is estimated that the city manager works a total of 1,920 hours a year and about 200 of them are associated with the economic development department. How much of the city manager’s salary and benefits should be allocated to the economic development program this year if the number of work hours is the cost base?