Which of the following budgets are prepared before the sales budget? Budgeted Income Statement Direct Labor Budget A) Yes Yes B) Yes No C) No Yes D) No No

Sales budget is always the primary budget to be prepared. Others can come after sales budget. A sales budget is a financial plan which shows the level or volume of sales the firm is expecting to offer for sale in the future.

It is usually the first budget to be prepared because the level of sales will determine the level of expenditure.

Therefore,

For Budgeted Income Statement - NO

For Direct Labor Budget - NO

Tundexi Tundexi · Answer 2 · 2021-12-30T13:10:53+01:00

Sales budget are the primary budget to be prepared while the other budget come after it.

The sales budget refers to the financial plan which shows the volume of sales that a firm is expecting to offer in the next accounting year.

So, the Budgeted statements are prepared as follows in order:

Sales Budget
Direct materials budget
Direct labor budget

Hence, the Option D is correct.

Missing options are attached as picture below

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