Which of the following statements about planning budgets is false?

Group of answer choices

a. The manufacturing overhead budget will provide a schedule of all costs of production other than direct materials and direct labor.

b. The cash budget is divided into operating, investing and financing sections.

c. The production budget must be adequate to meet the forecasted sales and to provide for the desired ending inventory.

d. The selling and administrative expense budget lists the budgeted expenses for areas other than manufacturing.