7 Nichols 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 45,000 55,000 100,000 (hours) Long-run usage 48,000 52,000 100,000 (hours) Variable and fixed administrative costs total $180,000 and $400,000, respectively. If Nichols uses dual-cost accounting procedures, the total amount of administrative cost to allocate to Department 2 would be: 0 I do not want to answer this Question 1 301600 2 307000 3 313000 4 319000