Please show all your work and ensure to answer all parts of the question for a good rating. Thank you!

4. (2 pts) An air freight company provides both long haul (LH) and short haul (SH) transport services with two different fleets of aircraft. They have common overhead costs for both fleets of $425K/year. Direct material and labor (variable costs) for the two fleets are: LH SH $600K/year $300K/year Using the Traditional Accounting Method which uses Direct Material and Labor as the basis for cost allocation of overhead costs, what is the total cost of maintaining the LH fleet