The following table shows costs for one unit of product A. Considering that price for product A is set using cost-plus pricing, which of the following statement is incorrect? Cost Base ... (1) Direct variable cost 5,000 (2) Total direct cost 7,000 (3) Total cost 7,500 A The cost-plus selling price computed based on the cost base (3) is also called full cost or long run cost. B The mark-up for cost base (2) is 20% so cost-plus selling price for product A should be 9,000. C The mark-up percentage for cost base (2) should be lower than for cost base (1) because direct fixed costs is covered. D The mark-up percentage for cost base (1) should be higher than for cost base (2) and (3) because there is a need to cover fixed and indirect costs