Champion Printing has two service departments, S1 and S2, and two production departments, P1 and P2. The data for May were as follows: Services provided to: Activity Costs S1 S2 P1 P2 S1 $80,000 10% 50% 40% S2 $100,000 20% 35% 45% Fixed Costs P1 $360,000 P2 $520,000 Required: Allocate service departments costs (S1

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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.

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?