Please note that, you can select only one authentication method while enabling MFA.
In your scenario, you can select either TOTP or SMS/call as authentication method but not both.
I tried to reproduce the same in my environment and got the below results:
When I selected authentication method as SMS or phone call, user is prompted for MFA like below:

To enable TOTP
option, update the user flow by changing authentication method like below:

When the user ran the user flow, it prompted for MFA to scan QR code
like below:

After clicking Continue, they will get OTP
in their Microsoft Authenticator app where they need to enter that code here:

Like this, you can enable TOTP as MFA method. But you cannot add this with SMS or Phone call as you can chose only one authentication method.