Managerial Accounting Chapter 1 EXERCISE 1-2 Differentiating Between Planning, Implementation, and Control Classify the following activities as primarily planning implementation, or control a Doing a cost-benefit analysis of adding a new branch versus installing three new automated b. Estimating the cost of raw materials to be cAnalyzing market demand to assist in the d. Compiling the labour report for the past week. teller machines (ATMs) purchased during the next quarter preparation of the sales budget. e Outlining the changes to a process based on a process reengineering team report. r Documenting the savings from reductions in raw materials inventory resulting from the adoption of a JIT inventory system. Chapter 2 Cost Classification Questions 1. Why is cost classification important to managers? 2. Briefly describe the four cost classifications