[Solved] What does the word gymnosperm mean? A)covered seed B)covered sperm C)active sperm D)naked seed Electrical Cost: Electrical cost refers to the expenses incurred from the use of electricity, often a significant component of utility costs for homes and businesses. Machine-hour: A measure of the amount of time a machine is run, often used as a basis for allocating manufacturing overhead to products. High-low Method: A technique used in cost accounting to estimate fixed and variable costs associated with production by using the highest and lowest levels of activity. Office Expense: Refers to the costs associated with running an office, including rent, supplies, and utilities.