#21

Identify the order in which a manufacturer would prepare the following budgets. Also note whether each budget is an operating budget or a financial budget. 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 b. Production budget Combined cash budget d. Budgeted balance sheet e. Direct materials budget f. Cash payments budget 9. Sales budget