Problems 1..YV Setting up an ABC system; uncertainties Following is a list of steps that must be performed in setting up an ABC system: Identify and sum the costs into activity-based cost pools. Choose a cost driver for each activity. For each ABC cost pool, allocate overhead costs to the product or service. Identify the relevant cost object. Identify the activities necessary for production or service delivery. For each ABC cost pool, calculate a cost allocation rate. Required (a) Number the steps from through to indicate the sequence in which they are performed. (b) For each step, explain whether uncertainties are likely. 0 (c) Pick the step that you think would require the greatest use of judgement, that is, would include the most uncertainties. Explain your choice. (LOT and )