Rangers Corporation is preparing their master budget. Which of the following statements regarding budget preparation is not correct?

a$.$ The sales and the cash receipts budgets are the responsibility of the marketing$/$sales department.

b$.$ The usual budgeting period in most organizations is for one year, broken down into months or quarters.

c$.$ The overhead budget is the last operating budget we prepare in this course.

d$.$ Budgets can be used for performance evaluation.

e$.$ All of the above are correct.