Which of the following statements is false? Select one: O a. The master budget consists of a number of separate and independent budgets. O b. The direct labor budget begins with the required production in units from the production budget. Oc. The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable selling and administrative expense per unit. O d. The selling and administrative budget is typically prepared before the cash budget. Oe. A continuous or perpetual budget is a 12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed.