Which one of the following tasks should be done first,when developing a comprehensive budget for a manufacturing company?

Question

Quizplus · Accepted Answer

The development of a sales budget should be done first as it serves as the foundation of the budgeting process. The sales budget will determine the projected revenue and inform the development of other budgets, such as the production budget, direct materials budget, and labor budget. Only after the sales budget is developed can the company determine how much they can allocate towards advertising, capital investments, and equipment acquisitions.

Which One of the Following Tasks Should Be Done First,when