15. Jack's Lawn Mower company is preparing its Sales Budget for next year. The company plans on selling two mowers in two regions: East Region West Region Units Units Price Per Unit Riding Mowers 2,000 1,500 Standing Mowers 1,000 Calculate to Total Sales Budget for next year. a. $3,325,000 b. $640,000 3 c. $4,845,000 d. $3,965,000 $950 $400 600 16. A continuous fiscal budget is a Budget that is set for one fiscal year b. Budget that is used solely for capital expenditures c. Budget used for primarily for cash receipts and cash payments d. 12-month budget that is continually revised by replacing the data for the month just ended with the budget data for the same month in the next year 17. Which industry would likely use the demand-based method for setting normal prices? Beverage industry b. Airline industry c. Technology industry - computers d. Consumer goods industry 18. Normal selling price of a product is defined as: a. Target selling price to be achieved in the long term and sufficient to cover all costs and expenses (breakeven) b. Target selling price to be achieved in the long term that must be set high enough to cover all costs and expenses and provide a reasonable profit Target selling price to be achieved in the short term and sufficient to cover all costs and expenses (breakeven) d. Target selling price to be achieved in the short term that must be set high enough to cover all costs and expenses and provide a reasonable profit