Which of the following orders is most effective for constructing an operating budget? A.1) Production budget...

Which of the following orders is most effective for constructing an operating budget?

A.1) Production budget - 2) Personnel budget - 3) Sales Budget

B.1) Personnel budget - 2) Production budget - 3) Sales Budget

C.1) Sales Budget - 2) Personnel budget - 3) Production budget

D.1) Sales Budget - 2) Production budget - 3) Personnel budget

Expert Solution

Answer -

Option (D) - 1.Sales budget. 2.Production budget.3.personnel budget is correct.

Explanation -

For constructing an oprating budget it is important to make first sales budget in which proper allocation of resources to achieve forcasted sales is determined.It also contains plan for maximum utilisation of resources.

After sales budget it is required to prepare production budget to satisfy quantity of estimated sales of production units.It contains how many units of production to produce and estimating the proper cost of manufacturing a product.

After production budget it is required to prepare personnel budget which focuses on controlling the cost on employment like estimation and control of salaries and wages expenditure.It also facilities to ensure having sufficient income to pay employees on regular basis.

Rahul Sunny answered 2 years ago

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