A performance report for the Exeter hotel for the three months ending 30 June 2022 showed: Actual 579,500 213,500 100,000 Sales Revenue Variable Costs Fixed costs Profit Number of rooms occupied Sales Room Rate Variable Costs 266,000 6,100 Head Office Budget Assumptions 80% occupancy per month (30 days) 105 per night 25 per room per night Fixed/Overhead Costs 1,000 per night There is also a profit target for each hotel of 120,000 per month. Evaluate performance for the quarter to budget and provide recommendations for budgeting and cost management.