Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which accounting report is most commonly prepared
Q3: The expenses that will continue to exist
Q4: Which department is typically responsible for direct
Q5: Which statement is true?<br>A) The limitation of
Q6: A variance is the difference between:<br>A) a
Q7: Department Z has a gross profit of
Q8: Ten minutes of direct labour is needed
Q9: Which of these is not an engineering
Q10: Performance reports should only contain costs, income
Q11: A basis for the allocation of delivery