MAJ company is preparing budgets for the coming financial year. MAJ is considering the the sequence of budget preparation. Which of the following would depict the logical order for preparing (1) a production budget, (2) a cash budget, (3) a sales budget, and (4) a direct labour budget?

a. 1-3-4-2.

b. 2-3-1-4.

c. 2-1-3-4.

d. Some other sequence not listed here

e. 3-1-2-4.