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 $ $

Restaurants

Kitchen staff wages

Food

Paper products

Variable overhead

Fixed overhead

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

Required:

Based on Exhibit prepare a March performance report and use the same data for yeartodate columns in your report. Indicate the effect of each variance by selecting F for favorable, U for unfavorable. Select \"None\" and enter for no effect ie zero variance Enter your answers in thousands.

Answer rating: 100% (QA)

To prepare the performance report for March and yeartodate we need to calculate the variances for ea... View the full answer