of tion ABC systems Select one: O a. will allocate costs based on volume b. comply with GAAP O c. highlight the different levels of activities O d. will limit cost drivers to units of output e. none of the given answer. 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 selling and administrative budget is typically prepared before the cash budget. Od. 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. O e. The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable selling and administrative expense per unit.