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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

Which of the following statements is true?
To compute a products profit or product margin, the products 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 companys 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.

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