Which of the following statements about budgets for a manufacturing firm is/are likely to be true: 1. The sales forecast in the sales budget in a period (T) will impact on the materials budget and the labour budget in that same period (T). 2. The amount (units) of production budgeted for in a period (T) will impact the desired (target) amount of ending inventory in the same period (T). 3. The amount (units) of production budgeted for in a period (T) is impacted by the amount of ending inventory in the previous period (T-1). Statement 1 only O Statement 2 only Statements 1 and 3 only Statements 1 and 2 only Statements 1,2 and 3