A responsibility accounting performance report displays:

A) Only actual costs.
B) Only budgeted costs.
C) Both actual costs and budgeted costs.
D) Only direct costs.
E) Only indirect costs.

Performance Report

A document that compares actual performance against planned or standard performance to assess deviations and efficiency.

Actual Costs

Incurred expenses that are recorded and recognized during a specific accounting period.

Budgeted Costs

Predicted financial expenditures that a company plans to incur during a specific period for various activities or projects.