Question 6 Which of the operating budgets is prepared first? sales budget o production budget cash payments budget o cash received budget Question 9 The cash budget is part of which category of budgets? operating budget sales budget finance budget cash payments budget Question 10 Which of the following statements is not correct? The sales budget is typically the first budget prepared. The production budget begins with the sales estimated for each period. The direct materials budget begins with the sales estimated for each period. The sales budget is computed by multiplying estimated sales by the sales price