Indicate whether each of the following statements is true or false

A. responsibility reports prepared for higher level managers have less detail than the reports prepared for lower level managers

B. The amount of detail in a responsibility report should be such that managers can focus on significant deviations from expectations.

C. The controllability concept means that managers should be evaluated based on revenues and costs they can control.

D. If a manager is to be held responsible for a revenue or expense, he/she must have complete control over that item.

E. A critical feature of responsibility reports is that they must be precise, even if it takes more time to prepare.