Astro Company is a manufacturer and Luyten Company is a merchandiser. What is the difference in the budgets the two entities will prepare?
A) Astro Company will prepare a production budget, and Luyten Company will prepare a merchandise purchases budget.
B) Astro Company will prepare a sales forecast, and Luyten Company will prepare a sales budget.
C) Luyten Company will prepare a production budget, and Astro Company will prepare a merchandise purchases budget.
D) Both companies will prepare the same types of budgets.