Chronologically,in what order are the sales,purchases,and production budgets prepared?

Question

Quizplus · Accepted Answer

The sales budget is typically prepared first, followed by the production budget, which determines the level of production needed to meet the sales forecast. Once the production budget is in place, the purchase budget can be prepared to ensure that there are sufficient materials and resources to support that level of production. Therefore, the correct order is sales, production, purchases.

Chronologically,in What Order Are the Sales,purchases,and Production Budgets Prepared