Question

For each of the following activities, indicate which of the objectives of managerial accounting activity is involved. In some cases, several objectives may be involved. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
1. Developing a bonus reward system for the managers of the various offices of the AAA (American Automobile Association) Travel Agency.

a.Providing information for decision making and planning.unchecked

b.Assisting managers in directing and controlling operational activities.unchecked

c.Motivating managers and other employees toward the organization’s goals.checked

d.Measuring the performance of activities, subunits, managers, and other employees within the organization.unchecked

e.Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.

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

a.Providing information for decision making and planning.unchecked

b.Assisting managers in directing and controlling operational activities.checked

c.Motivating managers and other employees toward the organization’s goals.unchecked

d.Measuring the performance of activities, subunits, managers, and other employees within the organization.unchecked

e.Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.unchecked

3. Determining the cost of manufacturing a tennis racket at Wilson Sporting Goods.

a.Providing information for decision making and planning.unanswered

b.Assisting managers in directing and controlling operational activities.unanswered

c.Motivating managers and other employees toward the organization’s goals.unanswered

d.Measuring the performance of activities, subunits, managers, and other employees within the organization.unanswered

e.Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.unanswered

4. Measuring the cost of the inventory of digital cameras on hand in a Best Buy store.

a.Providing information for decision making and planning.unanswered

b.Assisting managers in directing and controlling operational activities.unanswered

c.Motivating managers and other employees toward the organization’s goals.unanswered

d.Measuring the performance of activities, subunits, managers, and other employees within the organization.unanswered

e.Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.

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

a.Providing information for decision making and planning.unanswered

b.Assisting managers in directing and controlling operational activities.unanswered

c.Motivating managers and other employees toward the organization’s goals.unanswered

d.Measuring the performance of activities, subunits, managers, and other employees within the organization.unanswered

e.Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.unanswered

6. Measuring the following costs incurred during one month in a Hyatt Regency hotel:

(a) Wages of table-service personnel.

(b) Property taxes.

Providing information for decision making and planning.unanswered

Assisting managers in directing and controlling operational activities.unanswered

Motivating managers and other employees toward the organization’s goals.unanswered

Measuring the performance of activities, subunits, managers, and other employees within the organization.unanswered

Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.unanswered

7. Comparing a Sheraton Hotel’s room rate structure, occupancy rate, and restaurant patronage with industry averages.

a.Providing information for decision making and planning.unanswered

b.Assisting managers in directing and controlling operational activities.unanswered

c.Motivating managers and other employees toward the organization’s goals.unanswered

d.Measuring the performance of activities, subunits, managers, and other employees within the organization.unanswered

e.Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.

Answer 1

Answer:

1. Developing a bonus reward system for the managers of the various offices of the AAA (American Automobile Association) Travel Agency

- motivating managers and other employees toward the organization's goals.

(To be effective and efficient in the competitive business environment, the bonus system must provide incentives for managers to work toward achieving those goals.)

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

- assisting managers in controlling operations

- measuring the performance of activities, subunits, managers, and other employees within the organization.

3. Determining the cost of manufacturing a tennis racket at Wilson Sporting Goods.

- providing information for decision making and planning.

4. Measuring the cost of the inventory of digital cameras on hand in a Best Buy store.

4. Measuring inventory costs is most closely associated with the first two objectives of managerial accounting activity:

- providing information for decision making and planning

- assisting managers in directing and controlling operational activities

- measuring the performance of activities, subunits, managers and other employees within the organization

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

- providing information for decision making and planning

6. Measuring the following costs incurred during one month in a Hyatt Regency hotel:

(a) Wages of table-service personnel.

(b) Property taxes.

- Measuring the performance of activities, subunits, managers, and other employees within the organization

Providing information for decision making and planning

7. Comparing a Sheraton Hotel's room rate structure, occupancy rate, and restaurant patronage with industry averages.

- Assessing the organization's competitive position and working with other managers to ensure the organization's long-run competitiveness in its industry.

Explanation: