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Electrical costs at one of Finfrock Corporation's factories are listed below: Management believes that electrical cost is a mixed cost that depends on machine-hours.Use the high-low method to estimate the variable and fixed components of this cost.Compute the variable component first,rounding off to the nearest whole cent.Then compute the fixed component,rounding off to the nearest whole dollar.Those estimates are closest to:
Happiness
A state of well-being and contentment characterized by emotional, psychological, and/or physical fulfillment.
Categorical Imperative
A foundational concept in Kantian ethics that dictates an action is morally required if it is based on a principle that a person would want all others to follow universally.
Universalize
In ethics, the principle of applying a moral judgment or rule to all similar circumstances without exception.
Morally Permissible
Actions that are considered acceptable within the confines of moral or ethical reasoning, often contextual and variable.
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