Which of the following statements is not true?
A) Performance reports normally report standard costs and variances.
B) Performance reports should contain space for explanations of variances.
C) Performance reports should be tailored to the responsibilities of the manager or department for which they are prepared.
D) Performance reports do not present the causes of variances.

Question

Quizplus · Accepted Answer

Performance reports should present the causes of variances, as identifying the cause of a variance is important for taking corrective action.

Which of the Following Statements Is Not True