BUDGETING & PLANNING A cost performance report for the Exeter hotel for the three months ending 30 November 2021 shows: Budget Actual Food and other consumables 75,000 85,500 Labour 57,600 65,800 Other variable costs 11,500 14,150 Fixed costs 90,000 92,200 Number of rooms occupied 5,760 6,100 The budget is set by head office for all hotels, and prepared based upon organisation objectives of: (i) achieving 80% occupancy over an average (30-day) month and (ii) being profitable on every night of occupancy. Requirement: Section B of your report to the Exeter hotel manager Evaluate the performance of the hotel. Explain reasons and provide future recommendations relating to your evaluation