3. Which of the following represents the normal sequence in which the indicated budgets are prepared? A. Direct Materials, Cash, Sales B. Production, Cash, Income Statement C. Sales, Balance Sheet, Direct Labor D. Production, Manufacturing Overhead, Sales 4. Which of the following represents the correct order in which the indicated budget documents for a manufacturing company would be prepared? A. Sales budget, cash budget, direct materials budget, direct labor budget B. Production budget, sales budget, direct materials budget, direct tabor budget C. Sales budget, cash budget, production budget, direct materials budget D. Selling and administrative expense budget, cash budget, budgeted income statement, budgeted balance sheet 5. Which of the following statements is not carrect? A. The sales budget is the starting point in preparing the master budget. B. The sales budget is constructed by multiplying the expected sales in units by the sales price. C. The sales budzet generally is accompanied by a computation of expected cash receipts for the forthcoming budget period. D. The cash budget must be prepared prior to the sales budget because managers want to know the expected cash collections on sales made to customers in prior periods before projecting sales for the current period. 6. Shown below is the soles forecast for Cooper inc. for the first four months of the coming year. On average, SOKs of credit sales are paid for in the month of the sale, 30% in the month following