Which of the following budgets are prepared before the sales budget? A) Budgeted Income Statement Yes Yes No No B) Direct Labor Budget Yes No Yes No C) D) Choice Choice A Choice B O Choice D Question 13 There are various budgets within the master budget. One of these budgets is the production budget. Which of the following BEST describes the production budget? 8.33 pts It is calculated based on the sales budget and the desired ending inventory. It details the required direct labor hours. It details the required raw materials purchases. It summarizes the costs of producing units for the budget period