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

Question

Quizplus · Accepted Answer

Performance reports should present the causes of variances, as this information is crucial for managers to understand what went wrong and how to improve performance in the future.

Which of the Following Statements Is Not True of Performance