The Corporation "Victor" operates one central plant that has two divisions: Division 1 and Division 2. The following data apply to the coming budget year: Budgeted costs of the operating the plant Fixed operating costs Variable operating costs Practical capacity Budgeted long-run usage: Division 1 Division 2 $260,000 $100 per hour 2,000 hours 800 hours per year 500 hours per year Assume that annual budgeted long-run usage (Demand) is used to calculate the allocation rates for the Division 1 and Division 2 of Corporation "Victor". Further assume that actual usage of the Division 1 was 700 hours and the Division 2 was 400 hours. Required: If a single-rate cost-allocation method is used, what amount of cost will be allocated to the Division 1? To the Division 2? $210,000 and $120,000 $240,000 and $150,000 None of them $19,000 and $10,932