4) Which of the following budgets are prepared before the production budget A) B) C) D) Direct Materials Budget Yes Yes No No Sales Budget Yes No Yes No A) Option A B) Option B C) OptionC D) Option D 5) Which of the following represents the normal sequence in which the below budgets are prepared? A) Sales Budget, Budgeted Balance Sheet, Budgeted Income Statement B) Budgeted Income Statement, Sales Budget, Budgeted Balance Sheet C) Budgeted Balance Sheet, Sales Budget, Budgeted Income Statement D) Sales Budget, Budgeted Income Statement, Budgeted Balance Sheet