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please solve the question with clear boxed final answer The following data pertain to the Waikiki Sands Hotel for the month of March Flexible Budget

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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 $ 690 $ 706 Restaurants 1,880 1,866 Kitchen staff wages (101) (102) Food (730) (738) Paper products (149) (146) Variable overhead (91) (94) Fixed overhead (106) (117) "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 Year to Year to March Date March Date Variance March Year to Date s $ 16 $ 18 x 690 1.880 1,177 1,393 F U 690 X $ 5,640 3,531 4,179 X $ 706 $ 1,866 1.197 1,375 $ 2,118 x $ 5,598 3,591 4,125 S 14 20 18 OOO 16 X 22 % 20 X $ U $ Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen Kitchen staff wages Food Paper products Variable overhead Fixed overhead Total expense $ 1 101 S 730 149 303 X $ 2,190 X 447 X 8 102 $ 738 146 94 3X 10 5 3 306 * $ 2.214 x 438 282 X 351 3,591 $ F U 91 106 1,177 OOOO CCC 3 273 318 3,531 $ $ 11 U 117 1,197 5 13 22 X $ S $ 20 u $

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