Summarize the Four Steps in an Activity-Based Costing System

Essay

Summarize the four steps in an activity-based costing system:
$$\begin{array} { | l | l | } \hline \text { Step 1 } &\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \\\hline \text { Step 2 } & \\\hline \text { Step 3 } & \\\hline \text { Step 4 } & \\\hline\end{array}$$