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The following data pertain to the Byron Bay Hotels Group for March Flexible Budget Actual Results March March (in thousands) (in thousands) Banquets and Catering $ 660 $ 670 Restaurants 1,820 1,812 Kitchen staff wages (89) (90) Food (700) (702) Paper products (131) (128) Variable overhead (79) (82) Fixed overhead (94) (99) *Numbers without parentheses denote profit; numbers with parentheses denote expenses. Required: Based on Exhibit 126. 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 favourable, "U" for unfavourable. Select "None" and enter"O" for no effect (.e. zero variance). Enter your answers in thousands.) Based on Exhibit 12.6. 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 favourable, "U" for unfavourable. Select "None" and enter "O" for no effect (i.e., zero variance). Enter your answers in thousands.) BYRON BAY HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results March Year to Date March Year to Date Variance Year to Date March Food and Beverago Department Banquets & Catering Restaurants Kitchen Total profit Kitchen Kitchen staff wages Food Paper products Variable overhead Fixed overhead Total expense