1 The following data pertain to the Waikiki Sands Hotel for the month of March. Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead. Fixed overhead Flexible Budget March (in thousands)" $ 710 1,920 (109) (750) (161) (99) (114) Actual Results March (in thousands) $ 730 1,902 (110) (762) (158) (102) (129) indicate completion "Numbers without parentheses denote profit; numbers with parentheses denote expenses. Required: Based on Exhibit 12-4, prepare a March performance report and use the same data for year-to-date columns in your report (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable. Select "None" and enter "O" for no effect (ie., zero variance). Enter your answers in thousands.) Answer is complete but not entirely correct. WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results Year to Year to March March Variance March Year to Date m Next > Retur Answer is complete but not entirely correct. WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results Variance Year to March March Date Year to Date March Year to Date 0000 000000 Food and Beverage Department Banquets & Catering $ 710 S 710 $ 730 S 730 S 20 Restaurants 1,920 1,920x 1,902 1,902 225 Kitchen 0 0 0 0 X Total profit $ 2,630 $ 2,630 $ 2,632 $ 2,632 $ 1100 F 18 F 0 None 2 F **** 20 F 18 F None 2 F Kitchen Kitchen staff wages $ 109 $ 109 $ 110 S 110 x S Food 750 750 762 762x 10U 12 F 13 U 12 F Paper products 161 161 x 158 158 3 U * Variable overhead 99 99 102 102 3 U 3 U 114 114 x 129 129 x 15 U 15 U Fixed overhead 28 F $ 1,233 $ 1,233 $ 1,261 $ 1,261 $ 28 F Total expense