Select the number from 1
to 7 to indicate first to last in preparation and then select the type of
budget.
|
|
|
Order
of preparation
|
Type
of budget
|
|
a.
|
Budgeted income statement
|
4
|
Operating budget
|
|
b.
|
Production budget
|
2
|
Operating budget
|
|
c.
|
Combined cash budget
|
6
|
Financial budget
|
|
d.
|
Budgeted balance sheet
|
7
|
Financial budget
|
|
e.
|
Direct materials budget
|
3
|
Operating budget
|
|
f.
|
Cash payments budget
|
5
|
Financial budget
|
|
g.
|
Sales budget
|
1
|
Operating budget
|
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