For each of the following activities, explain which of the objectives of managerial accounting activity is involved. In some cases, several objectives may be involved.

1. Developing a bonus reward system for the managers of the various offices of the American Automobile Association.

2. Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering

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 store.

5. Estimating the annual operating cost of a newly proposed branch bank.

6. Measuring the following costs incurred during one month in a hotel: a. Wages of table-service personnel. b. Property taxes.

7. Comparing a room rate structure, occupancy rate, and restaurant patronage with industry averages.