Which of the following is the correct sequence of the steps for the distribution of overhead?
1
Collection or Estimation, allocation, apportionment, re-apportionment, absorption
2
Collection or Estimation, apportionment, allocation, re-apportionment, absorption
3
Collection or Estimation, apportionment, re-apportionment, allocation, absorption
4
Collection or Estimation, allocation, apportionment, absorption, re-apportionment
5
Collection or Estimation, absorption, apportionment, allocation, re-apportionment