Identify the order in which the following budgets are prepared. Use the letter a to indicate the first budget to be prepared, b for the second, and so on.1. Production budget2. Direct labor budget3. Direct materials purchases budget4. Sales budget5. Budgeted balance sheet6. Cash budget7. Budgeted income statementQuestion:E 4. Identify the order in which the following budgets are prepared. Use the letter a to indicatethe first budget to be prepared, b for the second, and so on.1. Production budget2….
Order in which budgets are prepared
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