Sales budgets should always show both budgeted units of product and prices. true O False The usual starting point for preparing a master budget is forecasting or estimating: O Income Sales, Production Cash payments A budget is best described as: 1 point O A formal statement of a company's future plans usually expressed in monetary terms. An informal statement of company's future plans usually expressed in monetary terms The minimum acceptable performance level. A master control device. The most crucial component of a company's evaluation process