Check my work Exercise 12-31 Performance Report; Hotel (LO 12-3) The following data pertain to the Waikiki Sands Hotel for the month of March Flexible Budget Actual Results March March in thousands) in thousands) Banquets and Catering 735 760 1,947 1,970 Restaurants Kitchen staff wages (120) 119 Food 775 (792) (176) Paper products (173) variable overhead (112) 109 Fixed overhead 124 144) *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 (i.e., zero variance). Enter your answers in thousands.)