Question 10 (2 points) The production budget is required to prepare all of the following budgets EXCEPT A) the selling and administrative budget. B) the labor budget. C) the material purchases budget. D) the overhead budget Question 9 (2 points) Popper Products has the following production budget for one of its products for the 4th quarter of 2020: Month Production October 18,900 November 20,400 December 23,100 Each finished unit requires 2 valves which cost $8 each. Popper tries to maintain an inventory of valves equal to 10% of the next month's production requirements. How much will the purchases of valves cost in October and November if Popper has an inventory of 9,000 valves at the end of the 3rd quarter? OA) $263,040 and $330,720 B) $223,360 and $670,070 C) $32,880 and $41.340 D) $191,040 and $330.720