"The sales forecast is the cornerstone for budgeting." Do you agree? Explain. OA. The sales forecast is based on demand, and without demand for the product there would be no sales. OB. The cost of goods sold budget, as the starting point for the operating budget, uses the budgeted unit sales. OC. Because production (and, hence, costs) and inventory levels generally depend on the forecasted level of sales. OD. Because fixed operating costs depends on the forecasted level of sales.

"The sales forecast is the cornerstone for budgeting." Do you agree? Explain. A. The sales forecast is based on demand, and without demand for the product there would be no sales. B. The cost of goods sold budget, as the starting point for the operating budget, uses the budgeted unit sales. C. Because production (and, hence, costs) and inventory levels generally depend on the forecasted level of sales. D. Because fixed operating costs depends on the forecasted level of sales