EXERCISE 1-6. Performance Reports [L0 31 Which of the following statements related to per formance reports is false? Answer by circling a letter. a. Performance reports may' prtwide a comparison of actual perlorma nce with planned performance. [3. Performance reports mayr provide a comparison of actual performance with performance in a prior period. c. If actual costs exceed planned costs in a performance report, this clearlyr indicates manager ial incompetence. d. Performance reports are used to evaluate managers and the operations they control