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.