From the following list of budgets,select the budgets and the correct order in which they would be prepared as part of the development of the operating budget?

Question

Quizplus · Accepted Answer

The correct order is: sales budget, production budget, and then materials budget. The sales budget is prepared first to determine the expected sales volume, which informs the production budget. The production budget then determines the amount of materials needed, leading to the preparation of the materials budget.

From the Following List of Budgets,select the Budgets and the Correct