While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. for example, wages should be $5,600 plus $1.40 per liter of gelato sold and the actual wages for june were $13,860. via gelato expected to sell 6,000 liters in june, but actually sold 6,200 liters.

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.