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

Flexible Budget March (in thousands)*						Actual Results March (in thousands)*
Banquets and Catering		$	715					$	736
Restaurants			1,930						1,911
Kitchen staff wages			(111	)					(112	)
Food			(755	)					(768	)
Paper products			(164	)					(161	)
Variable overhead			(101	)					(104	)
Fixed overhead			(116	)					(132	)

*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.) Please answer in this format

WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands)