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 disk players on hand in a retail electronics store.
2. Estimating the annual operating cost of a newly proposed branch bank.
3. M 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.