Which of the following statements is true?

To compute a product$$s profit or product margin, the product$$s sales and direct costs are needed in addition to the overhead costs computed in an activity$-$based costing system.

In activity$-$based costing, a product margin may exclude costs from some of the company$$s activity cost pools.

Multiple Choice

Only statement $1$ is true.Incorrect

Only statement $2$ is true.

Both statements $1$ and $2$ are true.

Neither statement is true.