What would be an example of a performance report?
A) An income statement reporting actual results for the past month.
B) An income statement showing the amounts budgeted for the past month.
C) A balance sheet showing the actual financial position at the end of the past month.
D) A production report showing budgeted and actual production for the past month.

Question

Quizplus · Accepted Answer

A production report showing budgeted and actual production for the past month is an example of a performance report. This report compares the expected production levels (budgeted) with the actual production levels to analyze how well the company is meeting its production goals.

What Would Be an Example of a Performance Report