Question: Identify the order in which a manufacturer would prepare the following budgets. Also note whether each budget is an operating budget or a financial budget.

Identify the order in which a manufacturer would prepare the following budgets. Also note whether each budget is an operating budget or a financial budget.

a. Budgeted balance sheet

b. Cash payments budget

c. Direct materials budget

d. Production budget

e. Budgeted income statement

f. Combined cash budget

g. Sales budget

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