Answer:
All except 'a' i.e The price of a can of beans
Explanation:
Demand Curve is the graphical representation of quantities of a good demanded at different prices, other factors remaining constant (ceteris paribus).
The curve is downward sloping due to inverse relationship between price & quantity demanded, as per law of demand. Change in price defines quantity demanded movement on the curve itself. Any change in factors other than price shifts the curve altogether.
In this case : Determining demand curve of 'Canned Beans' - would be based only on relationship between their quantity demanded & their own i.e canned beans price. All other factors - tomato can price, their cost of production, their supply are held constant as per 'ceteris paribus'.
<h3>Hello there!</h3>
Your question asks what order does a activity-based costing system work by.
<h3>Answer: b, c, a, d</h3>
The order:
1. b). Identify activities and estimate their total indirect costs.
2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.
3. a). Compute the predetermined overhead allocation rate for each activity.
4. d). Allocate indirect costs to the cost object.
The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.
The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.
<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
