Steps in the budgeting process
Listed below are eight operating budget estimates. In the space provided, list which of these estimates is typically made first, second, third, etc.
(a) ___ Operating expense budget
(b) ___ Budgeted income statement
(c) ___ Ending finished goods forecast
(d) ___ Production schedule (in units)
(e) ___ Manufacturing cost estimates
(f) ___ Cost of goods sold budget
(g) ___ Sales forecast
(h) ___ Manufacturing cost budget

Question

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The Answer of Steps in the budgeting process
Listed below are eight operating budget estimates. In the space provided, list which of these estimates is typically made first, second, third, etc.
(a) ___ Operating expense budget
(b) ___ Budgeted income statement
(c) ___ Ending finished goods forecast
(d) ___ Production schedule (in units)
(e) ___ Manufacturing cost estimates
(f) ___ Cost of goods sold budget
(g) ___ Sales forecast
(h) ___ Manufacturing cost budget

Steps in the Budgeting Process