Classifying, Ordering Components of the Master Budget Organize the following budgets in order of preparation by placing the number before it and indicate how each would be affected by a sales forecast...

Organize the following budgets in order of preparation by placing the number before it and indicate how each would be affected by a sales forecast that is understated.

Cash receipts and disbursements budget.

Selling and administrative expense budget.

Manufacturing overhead budget.

Raw materials purchases budget.

Budgeted balance sheet.

Sales budget.

Direct labor budget.

Budgeted income statement.

Budgeted cost of goods sold.

Production budget.