Exercise 1-26 Objectives of Managerial For each of the following activities, explain which of the objectives of managerial accounting activity is Accounting Activity involved. In some cases, several objectives may be involved. (LO 1-3, 1-4) 1. Developing a bonus reward system for the managers of the various offices of the AAA (American Automobile Association) Travel Agency. 2. Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering. Chapter 1 The Crucial Role of Managerial Accounting in a Dynamic Business Environment 3. Determining the cost of manufacturing a tennis racket at Wilson Sporting Goods. 4. Measuring the cost of the inventory of digital cameras on hand in a Best Buy store. 5. Estimating the annual operating cost of a newly proposed Wells Fargo branch bank. 6. Measuring the following costs incurred during one month in a Hyatt Regency hotel: a. Wages of table-service personnel. b. Property taxes. 7. Comparing a Sheraton Hotel's room rate structure, occupancy rate, and restaurant patronage with industry averages. Exercise 1-27 company of your Contributions of Manage