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The second step in the preparation of activity-based costing data is to
Equilibrium Quantity
At the prevailing market price, the supply of goods or services is exactly the same as the demand for them.
Excess Demand
A situation where the quantity of a good or service demanded surpasses the quantity supplied at the current price.
Beer Bottling Facilities
Industrial setups where beer is prepared, bottled, and packaged for distribution and sale.
Equilibrium Price
The charge for which the desired quantity of a good or service is identical to the quantity that is supplied, resulting in a balanced market situation.
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