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.

(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?

Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows:

Who led henry fords as an entrepreneur