Which of the following statements is true?I. In activity$-$based costing, unit product costs computed for external financial reports include direct materials, direct labor, and manufacturing overhead costs.Il$.$ In activity$-$based costing, unit product costs computed for external financial reports include manufacturing overhead costs that are computed by multiplying activity rates by the activities required to produce a product.Multiple ChoiceNeither statement is true.Both statements are true.statement ll is trueStatement is true