true and false

a. Developing a budget is a critical step in planning any economic activity. This is true for businesses, for governmental agencies, and for individuals. (.)

b. The sales budget shows the projected sales in units and the total expected sales revenue. (.) c. The direct materials budget shows the number of units that are to be produced during a budget period. (.) d. A budget specifies how resources will be acquired and used during a given period of time. (.)