Exercise 12-30 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) * Actual Results March (in thousands) * Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead $ 735 1,970 (119) (775) (176) (109) (124) $ 760 1,947 (120) (792) (173) (112) (144) *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 "O" for no effect (i.e., zero variance). Enter your answers in thousands.) Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen Kitchen staff wages Food Paper products Variable overhead Fixed overhead Total expense WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results Variance March Year to Date March Year to Date March Year to Date