What is the correct sequence of steps which is required for the application of activity based costing? A. Selected Answer: Identify activities, identify cost drivers for each activity, calculate the cost driver rate for each activity, accumulate costs associated with each activity in cost pools, assign overheads to products B. Identify activities, accumulate costs associated with each activity in cost pools, identify cost drivers for each activity, calculate the cost driver rate for each activity, assign overheads to products c. Accumulate costs associated with each activity in cost pools, identify activities, identify cost drivers for each activity, calculate the cost driver rate for each activity, assign overheads to products D. Identify activities, accumulate costs associated with each activity in cost pools, calculate the cost driver rate for each activity, identify cost drivers for each activity, assign overheads to products