Exhibit 12-4:

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 Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead S 6B5 1,870 $700 1, 857 (99) (725) (146) (B9) (104) (100) (732) (143) (92) (114) Numbers without parentheses denote profit; numbers with parentheses denote expenses. Requirec Based on Exhiblt 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 (i.e., zero variance). Enter your answers in thousands.) WAIKIKI SANDS HO Performance Reports for March (In Thousands) Flexible Budget March Actual Results Actual Results March Variance Year to Date 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 expense