What is the proper sequence of events in an ‘activity based costing’ system — (i) Calculation of overheads application rates. (ii) Identification of cost drivers (iii) Identification of cost pools (iv) Assignment of overheads cost to products.Select the correct answer from the options given below:

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What is the proper sequence of events in an ‘activity based costing’ system —<br /> (i) Calculation of overheads application rates.<br /> (ii) Identification of cost drivers<br /> (iii) Identification of cost pools<br /> (iv) Assignment of overheads cost to products.<br />Select the correct answer from the options given below: