Exercise 12-30 Performance Report; Hotel (LO 12-3) The following data pertain to the Waikiki Sands Hotel for the month of March. Flexible Budget March Actual Results March (in thousands)* (in thousands )* Banquets and Catering 695 $ 712 Restaurants 1, 298 1,875 Kitchen staff wages (103) (184) Food (735) (744) Paper products (152) (149) Variable overhead (93) (96) Fixed overhead (108) (128) "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 "0" for no effect (L.e., zero variance). Enter your answers In thousands.) WAIKIKI SANDS HOTEL Performance Reports for March [In Thousands) Flexible Budget Actual Results Variance March Year to Date March Year to Date March Year to Date Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen Kitchen staff wages Food Paper products Variable overhead Fixed overhead Total expenseExhibit 12-4 Performance Reports for February: Selected Subunits of Aloha Hotels and Resorts (numbers in thousands Flexible Budget* Actual Results* Variance February Alol Year to Date February Year to Date February Year to Date HOTELS & REG Company $ 30,660 $ 64,567 $ 30,716 $64,570 $56 F $ 3F Maui Division $ 18,400 $ 38,620 $ 18,470 $38,630 $70 F $10 F Oahu Division 12,260 25,947 12,246 25,940 14 U 70 Total profit $ 30,660 $ 64,567 $ 30,716 $64,570 $56 F $ 3F Oahu Division Waimea Beach Resort $ 6,050 $ 12,700 $ 6,060 $12,740 $10 F $40 F Diamond Head Lodge 2,100 4,500 2,050 4,430 50 U 70 U Waikiki Sands Hotel 4,110 8,747 4.136 8,770 26 F 23 F Total profit $ 12,260 $ 25,947 $ 12,246 $25,940 $14 U $ 70 Waikiki Sands Hotel Grounds and Maintenance (45) (90 $ (44) (90) $ 1F Housekeeping and Custodial (40) (90) (41) (90) 1 0 Recreational Services 40 85 41 88 1 F $ 3F Hospitality 2,800 6,000 2,840 6,030 40 F 30 F Food and Beverage ,355 2,842 1,340 2,832 15 U 10 U Total profit $ 4,110 $ 8,747 $ 4,136 $ 8,770 $26 F $23 F Food and Beverage Department Banquets and Catering $ 600 $ 1,260 $ 605 $ 1,265 $ 5F $ 5F Restaurants 1,785 3,750 1,760 3,740 25 U 10U - Kitchen (1,030) (2,168) (1,025) (2,173) 5 F 50 Total profit $ 1,355 $ 2,842 $ 1,340 $ 2,832 $15 U $104 Kitchen Kitchen staff wages $ (80) $ (168 $ (78) $ (169 $ 2F $ 10 Food (675) (1,420 678) (1,421) 3 U 10 Paper products (120 (250) (115) (248) 5 F 2 F Variable overhead (70) (150) (71) (154) 10 4U Fixed overhead (85) (180) (83) (181) 2F 10 Total expense $ 1,030 $ (2,168 $ (1,025 $(2,173 $ 5 F $ 50 *Numbers without parentheses denote profit; numbers with parentheses denote expenses; numbers in thousands. + F denotes favorable variance; U denotes unfavorable variance.Exercise 13-26 Residual Income (LO 13-2) The following data pertain to Dakota Division's most recent year of operations. Income $ 16,809, 080 Sales revenue 185,808, 980 Average invested capital 62,090, 090 Assume that the company's minimum desired rate of return on invested capital is 14 percent. Required: Compute Dakota Division's residual income for the year. Residual incomeRequired Information Exercise 14-36 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below.] Intercontinental Chemical Company. located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity. management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order. Production of the special order would require 8.000 kilograms of theolite. Intercontinental does not use theolite for its regular product, but the firm has 8,000 kilograms of the chemical on hand from the days when it used theolite regularly. The theolite could be sold to a chemical wholesaler for 15,200 p. The book value of the theolite is 3.50 p per kilogram. Intercontinental could buy theolite for 3.90 p per kilogram. (p denotes the peso, Argentina's national monetary unit. Many countries use the peso as their unit of currency. On the day this exercise was written, Argentina's peso was worth 0.104 U.S. dollar.) Exercise 14-36 Part 1 Required: 1-a. What is the relevant cost of theolite for the purpose of analyzing the special-order decision? 1-b. The relevant cost of theolite for the purpose of analyzing the special-order decision is an example of: Complete this question by entering your answers in the tabs below. Req 1A Req 1B What is the relevant cost of theolite for the purpose of analyzing the special-order decision? (Enter your answer in pesos.) Relevant cost p Required: 1-a. What is the relevant cost of theolite for the purpose of analyzing the special-order decision? 1-b. The relevant cost of theolite for the purpose of analyzing the special-order decision is an example of: Complete this question by entering your answers in the tabs below. Req 1A Req 1B The relevant cost of theolite for the purpose of analyzing the special-order decision is an example of: The relevant cost of theolite for the purpose of analyzing the special-order decision is an example of: O Required Information Exercise 14-36 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below] Intercontinental Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity. management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order. Production of the special order would require 8,000 kilograms of theolite. Intercontinental does not use theolite for its regular product, but the firm has 8,000 kilograms of the chemical on hand from the days when it used theolite regularly. The theolite could be sold to a chemical wholesaler for 15,200 p. The book value of the theolite is 3.50 p per kilogram. Intercontinental could buy theolite for 3.90 p per kilogram. (p denotes the peso, Argentina's national monetary unit. Many countries use the peso as their unit of currency. On the day this exercise was written. Argentina's peso was worth 0.104 U.S. dollar.) Exercise 14-36 Part 2 2. Identify the relevance of each of the numbers given in the exercise in making the decision. (a) Sales value b Book value (c) Current purchase cost