What gnomes, if any, should be painted? Serenity Garden Inc. produces and sells a variety of garden
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Serenity Garden Inc. produces and sells a variety of garden accessories. One of the product lines the company makes is unpainted gnome statues that come in three sizes: small, medium, and large. The company is considering painting the gnomes. The following information is available regarding unpainted and painted gnomes: Initial sales price Initial cost Sales price after painting Cost of painting Number sold per year Small $40 15 47 18 500 Medium $60 20 70 19 1,000 Large $80 23 95 11 400 Serenity Garden Inc. produces and sells a variety of garden accessories. One of the product lines the company makes is unpainted gnome statues that come in three sizes: small, medium, and large. The company is considering painting the gnomes. The following information is available regarding unpainted and painted gnomes: Initial sales price Initial cost Sales price after painting Cost of painting Number sold per year Small $40 15 47 18 500 Medium $60 20 70 19 1,000 Large $80 23 95 11 400
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