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 "0" 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 Banquets & Catering $ 690 $ 2,070 $ 706 $ 2,118 $ 16 F $ 48 F Restaurants 1,880 5,640 1,886 5,658 1,886 F 18 F Kitchen (1,177) 3,531) (1, 197) 3,591) 20 U 60 U Total profit 1,393 $ 4, 197 $ 395 $ 4, 185 $ 2 F 6 F Kitchen Kitchen staff wages $ (101) $ (303)$ (102) $ (306)$ 1 0 3 0 Food 730) (2, 190) 738 (2,214) 8 U 24 U Paper products Variable overhead Fixed overhead Total expense