Implementing an ABC system should proceed only if management believes the benefits of doing so will exceed the costs. The costs of an ABC system are not difficult to quantify. They include identifying the key activities, developing an information system to record and report information, collecting data for activity measures, and maintaining the system. More difficult to quantify are the benefits of adopting an ABC system. Required: Identify and discuss at least 3 qualitative benefits of adopting ABC? Discuss whether these can be quantified and why or why not? How could management deal with uncertainty related to any potential benefits of adopting an ABC system? Choose a company in any of the following categories: airline, florist, bookstore, bank, grocery store, restaurant, college, retail clothing shop. In this activity you will be making reasonable estimates of the types of costs and activities associated with this company; companies do not typically publish internal cost of process information. Be reasonable in your cost estimates and include your assumptions used in selecting costs. Required: 1. Describe the company selected including its products or service. 2. List 5 activities performed at this company. Choose at least one activity in the areas of production, sales, human resources, and accounting. 3. For each of the activity, list a potential cost driver for that activity and describe why this cost driver would be appropriate for the associated activity. Write a summary report of your findings