An Increase in Demand Is Represented by a

question 139

Multiple Choice

An increase in demand is represented by a

• A)movement downward and to the right along a demand curve.
• B)movement upward and to the left along a demand curve.
• C)rightward shift of a demand curve.
• D)leftward shift of a demand curve.

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Definitions:

Activity Rate

The cost driver rate used in activity-based costing to allocate costs more accurately to products or services based on specific activities.

Activity Cost Pool

A category in activity-based costing that aggregates costs incurred from a specific activity, facilitating the assignment of those costs to products or services based on their use of the activity.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the amount of resources they consume.

Unit Product Cost

The total cost (both direct and indirect) to produce a single unit of product, typically including materials, labor, and overhead.