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 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. 

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.