Production budget, purchases budget, cost of goods sold budget and administrative budget would be the correct chronological order of preparation for the following budgets.
The production budget, which establishes the number of products that must be manufactured, is formed by combining the sales estimate and the projected amount of finished goods inventory that will be on hand.
Direct costs for materials, direct costs for labor, and overhead expenditures make up the majority of the production budget. Paying rent, utilities, insurance, office staff salaries, and other obligations are a few examples.
Thus, the statements are arranged above.
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