OK, now that you have that out of the way, it's off to the races, right?
I've been cutting Christmas ornaments for 25+ years, giving dozens away every year to friends and family. I gave away over 100 last year. For those kinds of quantities, I've found that spraying is the most efficient method of applying a finish. I use shellac, because of the low odor and fast drying time. I can generally get all of my ornaments sprayed with 2-3 coats, (both sides) in one full day (maybe 10 hours). I've dipped in oil before and while I like it, I don't do it very often. For me, it's messier and more time consuming. YMMV