When generating a master budget, what schedule is created first?

Question

Quizplus · Accepted Answer

The sales budget is the starting point in creating a master budget. It provides information on the expected sales volume and revenue for the budget period, which is essential for determining the company's operating expenses and profitability. The sales budget leads to the production budget, which leads to the direct labor and other related budgets, and the cash budget is created last.

When Generating a Master Budget, What Schedule Is Created First