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	$725	$748
Restaurants	1,950	1,929
Kitchen staff wages	-115	-116
Food	-765	-780
Paper products	-170	-167
Variable overhead	-105	-108
Fixed overhead	-120	-138
*Numbers without - denote profit; numbers with - 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 "F" for favorable, "U" for unfavorable. Select "None" and "0" for no effect (i.e., zero variance). Enter your answers in thousands.) Show all steps:

WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results March Year to Date March Year to Date Variance 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