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Sivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Recently, Job M598 was completed with the following characteristics:
If the company marks up its unit product costs by 40% then the selling price for a unit in Job M598 is closest to: (Round your intermediate calculations to 2 decimal places.)
Egoism
A theory that suggests individuals should act in a way that is most beneficial to themselves, prioritizing their own interests.
Teleological Philosophies
Ethical theories focused on the outcomes or goals of actions to determine their morality, essentially aligning with consequentialism but with broader applications.
Consequentialism
An ethical theory that judges whether something is right or wrong based on the consequences of the actions.
Categorical Imperative
A central concept in Kantian ethics that acts as a universal principle, directing individuals to act in a manner that could be universally adopted.
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