EX $12-30($Algo$)$ Performance Report; Hotel $($LO $12-3)$

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

$$Flexible Budget March $($in thousands$)*$Footnote asteriskActual Results March $($in thousands$)*$Footnote asteriskBanquets and Catering$ $750$$ $778$Restaurants$2,0001,974$Kitchen staff wages$(125)(126)$Food$(790)(810)$Paper products$(185)(182)$Variable overhead$(115)(118)$Fixed overhead$(130)(153)$

$*$Footnote asteriskNumbers without parentheses denote profit; numbers with parentheses denote expenses.

Required:

Based on Exhibit $124,$ prepare a March performance report. For the year$-$to$-$date columns in your report, use the data given in Exhibit $124.$ You will need to update those figures using the March data given above.

Note: 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. EX $12-30($Algo$)$ Performance Report; Hotel $($LO $12-3)$

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

$\backslash$begin$\{$tabular$\}\{$lcc$\}$

& $\backslash$begin$\{$tabular$\}\{$c$\}$

Flexible Budget March $($in $\backslash \backslash$

thousands$)*$

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$

Actual Results March $\backslash \backslash$

$($in thousands$)\backslash (*\backslash )$

$\backslash$end$\{$tabular$\}\backslash \backslash$

Banquets and Catering & $\backslash (\backslash$$ $750\backslash )$ & $\backslash (\backslash$$ $778\backslash )\backslash \backslash$

Restaurants & $2,000$ & $1,974\backslash \backslash$

Kitchen staff wages & $\backslash ((125)\backslash )$ & $\backslash ((126)\backslash )\backslash \backslash$

Food & $\backslash ((790)\backslash )$ & $\backslash ((810)\backslash )\backslash \backslash$

Paper products & $\backslash ((185)\backslash )$ & $\backslash ((182)\backslash )\backslash \backslash$

Variable overhead & $\backslash ((115)\backslash )$ & $\backslash ((118)\backslash )\backslash \backslash$

Fixed overhead & $\backslash ((130)\backslash )$ & $\backslash ((153)\backslash )$

$\backslash$end$\{$tabular$\}$

$*$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 $\backslash (12-4\backslash ).$ You will need to update those figures using the March data given above.

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable. Select "None" and enter $"$O$"$ for no effect $($i$.$e$.,$ zero variance$).$ Enter your answers in thousands.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{12\}\{|$c$|\}\{$WAIKIKI SANDS HOTEL$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{12\}\{|$c$|\}\{$Performance Reports for March$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{12\}\{|$c$|\}\{($In Thousands$)\}\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{3\}\{|$r$|\}\{$Flexible Budget$\}$ & $\backslash$multicolumn$\{3\}\{|$c$|\}\{$Actual Results$\}$ & & $\backslash$multicolumn$\{4\}\{|$c$|\}\{$Variance$\}\backslash \backslash$

$\backslash$hline & & & Year to Date & & & Year to Date & & March & & Year to & Date $\backslash \backslash$

$\backslash$hline Food and Beverage Department & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Banquets $\backslash$& Catering & $\backslash$$ & $750$ & & $\backslash$$ & $778$ & & & & & & $\backslash \backslash$

$\backslash$hline Restaurants & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Kitchen & & & & & & & & & $-$ & & $\backslash \backslash$

$\backslash$hline Total profit & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Kitchen & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Kitchen staff wages & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Food & & & & & & & & $($ & & & $\backslash \backslash$

$\backslash$hline Paper products & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Variable overhead & & & & & & & $$ & & & & $\backslash \backslash$

$\backslash$hline Fixed overhead & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Total expense & & & & & & & & $,$ & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$