Applicable budgets for a service business such as an fitness centre are unlikely to include:

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Direct materials budget is not applicable to a service business such as a fitness centre, as they primarily provide intangible services and do not require significant amounts of materials or supplies to operate their business. Therefore, the budget for direct materials is not necessary. The other three budgets (budgeted income statement, cash budget, and labour budget) are essential for a service business like a fitness centre.

Applicable Budgets for a Service Business Such as an Fitness