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) * $ 664 1,803 Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead $ 655 1,810 (88) (696) (125) (80) (96) (695) (128) (77) (92) "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.) 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 9 F 664 1,803 (1,085) $1,382 Banquets & Catering Restaurants Kitchen Total proft 655 1,810 (1,079) $1,386 Kitchen (87) (695) (128) (77) (92) $ (1,079) (88) (696) (125) (80) (96) $ (1,085) Kitchen staff wages Food Paper products Variable overhead Fixed overhead Total expense 1 IU 1 U 4 6 U