Which one of the following is the last schedule to be prepared in a normal budget preparation process?

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The cash budget is typically the last schedule to be prepared in a normal budget preparation process, as it takes into account all of the other budgets and provides an overview of the organization's cash position for the upcoming period. The cost of goods sold, direct labour, and selling expense budgets are typically prepared earlier in the process as they are important inputs to other budgets, such as the production budget and the sales budget.

Which One of the Following Is the Last Schedule to Be