Step 1: Determine the resistance of the heating element.
Given,
\[
P_1=2400\,\text{W}
\]
and
\[
V_1=240\,\text{V}.
\]
Using
\[
P=\frac{V^2}{R},
\]
we get
\[
R=\frac{V_1^2}{P_1}
\]
\[
R=\frac{(240)^2}{2400}
\]
\[
R=\frac{57600}{2400}
\]
\[
R=24\,\Omega.
\]
Step 2: Calculate the power at \(120\,\text{V}\).
Now,
\[
V_2=120\,\text{V}.
\]
Using
\[
P_2=\frac{V_2^2}{R},
\]
\[
P_2=\frac{(120)^2}{24}
\]
\[
P_2=\frac{14400}{24}
\]
\[
P_2=600\,\text{W}.
\]
Step 3: Alternative verification using proportionality.
Since the resistance remains constant,
\[
P\propto V^2.
\]
Therefore,
\[
\frac{P_2}{P_1}
=
\left(\frac{V_2}{V_1}\right)^2
\]
\[
=
\left(\frac{120}{240}\right)^2
\]
\[
=
\left(\frac12\right)^2
\]
\[
=
\frac14.
\]
Hence,
\[
P_2=\frac14(2400)
\]
\[
P_2=600\,\text{W}.
\]
Step 4: Final conclusion.
Therefore, the power dissipated at \(120\,\text{V}\) is
\[
\boxed{600\,\text{W}}
\]