Listed below are eight operating budgets. In the space provided, list which of these budgets is typically prepared first, second, third, and so on.

Required:

a. ____ Operating expense budget

b. ____ Budgeted income statement

c. ____ Ending finished goods forecast

d. ____ Production schedule (in units)

e. ____ Manufacturing cost estimates

f. ____ Cost of goods sold budget

g. ____ Sales forecast

h. ____ Manufacturing cost budget