Which budget should be prepared first and why? What are the three, primary products of the budget process? In other words, what are the three budgeted reports that are the result of budgeting all other amounts? Which product cost budget should include inventory? Which product costs budgets should not include inventory? What pattern is seen in both the production budget and the DM budget? Which budget is not measured in money? Why is budgeted sales not the same as budgeted cash collections? Why is budgeted purchases not the same as budgeted cash payments? What are the three basic reports, or products, of the budget process that all other schedules are prepared to support?