Instruction: 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. Measuring the cost of the inventory of compact disc players on hand in a retail electronic store.

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

3. Measuring the following costs incurred during one month in a hotel owned by a national hospitality industry firm.

a.) Wages of table-service personnel

b.) Property Taxes

4. Comparing a hotel's room rate structure, occupancy rate, and restaurant patronage with industry averages.

5. Developing a bonus reward system for the managers of the various offices run by a large travel agency.

6. Comparing the actual and planned cost of a consulting engagement completed by an engineering firm

7. Determining the cost of manufacturing a tennis racket.

Note: Refer to the activities below to answer the seven questions above.

• Providing information for decision making and planning and proactively participating as part of the management team in the decision making and planning process.
• Assisting Managers in directing and controlling operations.
• Motivating managers and other employees toward the organizational goals.
• Measuring the performance of Activities, subunits, managers, and other employees within the organization.
• Assessing the organizations competitive position, and working with other managers to ensure the organizations long-run competitiveness in its industry.