Each of the following scenarios requires the use of accounting information to carry out one or more managerial accounting objectives.

Required:

Select the managerial accounting objective$($s$)$ that are applicable for each scenario: planning, controlling $($including performance evaluation$),$ or decision making.

a$.$ Laboratory Manager: An HMO approached me recently and offered us its entire range of blood tests. It provided a price list revealing the amount it is willing to pay for each test. In many cases, the prices are below what we normally charge. I need to know the costs of the individual tests to assess the feasibility of accepting its offer and perhaps suggest price adjustments on some of the tests.