Question

Select the incorrect statement concerning responsibility reports.

The reports should show clearly the budgeted and actual amounts of controllable revenues and expenses.

The reports should be stated in simple terms.

The reports become more specific for higher levels within the organization.

At the corporate level, responsibility reports generally include year-to-date contribution format income statements.

Answer 1

compute the number of units that would have to be sold in 2017 to reach the stockholders desire profit level