From the following options,select the budgets and the order in which they would be prepared,when developing an operating budget for a hair salon.
A) Sales budget, materials budget, operating expenses budget.
B) Production budget, sales budget, operating expenses budget.
C) Sales budget, labour budget, operating expenses budget.
D) Sales budget, production budget, labour budget.

Question

Quizplus · Accepted Answer

The correct sequence for preparing an operating budget for a hair salon starts with the Sales budget, as it estimates the revenue expected from services offered. Next is the Labour budget, which forecasts the costs associated with hiring and compensating employees. Finally, the Operating expenses budget is prepared, which includes all other operating costs necessary to run the salon. This sequence ensures that revenue projections guide the allocation of labor and other operating expenses.

From the Following Options,select the Budgets and the Order in Which