3 Which of the following statements is true of the capital expenditures budget? A. It is a part of the financial budget. B. It must be completed after the budgeted income statement is prepared. C. It includes the sales budget. D. It must be completed before the cash budget is prepared. In order to set standards for direct labor price variance, cost accountants need to communicate with both: A. The purchasing manager and production manager B. The production manager and human resource manager C. The marketing manager and production manager D. The human resources manager and purchasing manager Next