Which of the following statements is false? Select one: Oa. Budgeted cash collections typically consist of collections on sales made to customers in prior periods plus collections on sales made in the current budget period. O b. According to responsibility accounting, all managers should be held responsible for all asbects of the master budget. Oc. Budgeting forces managers to think about and plan for the future. d. Budgets helps uncover potential bottlenecks. O e. One benefit of following a well-designed budgeting process is Improved performance evaluations. Traditional Volume-based costing allocates indirect product costs based on the volume of output, using such allocation bases as direct labor hours, machine hours, or the amount of direct material used in the production process. Activity-based costing (ABC) has consistently shown that volume-based costing. low-volume products and Select one: O a. Overstates, Understates O b. Overstates, Overstates O c. none of the given answer. O d. Understates, Overstates Oe. Understates, Understates the cost of high-volume products. the cost of