The following data pertain to the Waikiki Sands Hotel for the month of March.

$*$Numbers without parentheses denote profit; numbers with parentheses denote expenses.

Required:

Based on Exhibit $12-4,$ prepare a March performance report. For the year$-$to$-$date columns in your report, use the data given in Exhibit

$12-4.$ You will need to update those figures using the March data given above.

Note: Indicate the effect of each varlance by selectlng $"$F$"$ for favorable, $"$U$"$ for unfavorable. Select "None" and enter $"$O$"$ for no

effect $($l$.$e$.,$ zero varlance$).$ Enter your answers In thousands.