Q3 Not yet answared Marked out of 07 question Which of the following statements is false? Select one: a. The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable selling and administrative expense per unit. b. The master budget consists of a number of separate but interdependent budgets. c. Control involves developing goals and preparing various budgets to achieve those goals. d. The direct labor budget begins with the required production in units from the production budget. e. A continuous or perpetual budget is a 12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed. Question 4 Not yet answered Marked out of 57 Flag question Which of the following statements is false? Select one: Oa. Budgeted cash collections typically consist of collections on sales made to customers in prior periods plus collections on sales made in the current budget period. b. Budgets helps uncover potential bottlenecks. c. According to responsibility accounting, a manager should be held responsible for those items-and only those items-that the manager can actually control to a significant extent. d. One benefit of following a well-designed budgeting processis a guarantee of future profits e. Budgeting forces managers to think about and plan for the future.