The first budget to be prepared when making a master budget is the
A) sales budget.
B) production budget.
C) cash budget.
D) direct labor budget.

Question

Quizplus · Accepted Answer

The first budget to be prepared in a master budget is typically the sales budget, which outlines the expected sales for the budget period. This information is then used to develop other budgets, such as the production budget and cash budget. The direct labor budget comes later in the process, after the production budget has been prepared.

The First Budget to Be Prepared When Making a Master