1 The following data pertain to the Waikiki Sands Hotel for the month of March. 33.33 points Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead Flexible Budget March (in thousands)* $ 715 1,930 (111) (755) (164) (101) (116) Actual Results March (in thousands)* $ 736 1,911 (112) (768) (161) (104) (132) *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 (l.e., zero varlance). Enter your answers in thousands.) Food and Beverage Department Answer is complete but not entirely correct. WAIKIKI SANDS HOTEL Performance Reports for March Flexible Budget March Year to Date (In Thousands) Actual Results March Year to Date Variance March Year to Date 0000 000000 Banquets & Catering Restaurants Kitchen Total profit $ 715 S 715 S 736 S 736 S 21 F 1,930 1.930 x 1,911 1,911 (19) U (111) (111) x (112) (112) X (1) U $ 2,534 S 2,534 $ 2,535 S 2,535 S (1) U Kitchen Kitchen staff wages $ (111) S (111) $ (112) S (112) S (1) U Food (755) (755) (768) (768) (13) U Paper products (164) (164) (161) (161) x 3 F Variable overhead (101) (101) (104) (104) (3) U Fixed overhead (116) (116) (132) (132) (16) U Total expense (1,247) S (1,247) $ (1.277) (1,277) S (30) U 0000 000000 21 F (19) U (1) U (1) U $ (1) U (13) U 3 F (3) U (16) U (30) U
1 The following data pertain to the Waikiki Sands Hotel for the month of March. 33.33 points Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead Flexible Budget March (in thousands)* $ 715 1,930 (111) (755) (164) (101) (116) Actual Results March (in thousands)* $ 736 1,911 (112) (768) (161) (104) (132) *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 (l.e., zero varlance). Enter your answers in thousands.) Food and Beverage Department Answer is complete but not entirely correct. WAIKIKI SANDS HOTEL Performance Reports for March Flexible Budget March Year to Date (In Thousands) Actual Results March Year to Date Variance March Year to Date 0000 000000 Banquets & Catering Restaurants Kitchen Total profit $ 715 S 715 S 736 S 736 S 21 F 1,930 1.930 x 1,911 1,911 (19) U (111) (111) x (112) (112) X (1) U $ 2,534 S 2,534 $ 2,535 S 2,535 S (1) U Kitchen Kitchen staff wages $ (111) S (111) $ (112) S (112) S (1) U Food (755) (755) (768) (768) (13) U Paper products (164) (164) (161) (161) x 3 F Variable overhead (101) (101) (104) (104) (3) U Fixed overhead (116) (116) (132) (132) (16) U Total expense (1,247) S (1,247) $ (1.277) (1,277) S (30) U 0000 000000 21 F (19) U (1) U (1) U $ (1) U (13) U 3 F (3) U (16) U (30) U
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1
The following data pertain to the Waikiki Sands Hotel for the month of March.
33.33
points
Banquets and Catering
Restaurants
Kitchen staff wages
Food
Paper products
Variable overhead
Fixed overhead
Flexible Budget March
(in thousands)*
$
715
1,930
(111)
(755)
(164)
(101)
(116)
Actual Results March
(in thousands)*
$ 736
1,911
(112)
(768)
(161)
(104)
(132)
*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 (l.e., zero
varlance). Enter your answers in thousands.)
Food and Beverage Department
Answer is complete but not entirely correct.
WAIKIKI SANDS HOTEL
Performance Reports for March
Flexible Budget
March
Year to
Date
(In Thousands)
Actual Results
March
Year to
Date
Variance
March
Year to Date
0000 000000
Banquets & Catering
Restaurants
Kitchen
Total profit
$
715
S
715 S
736
S
736
S
21
F
1,930
1.930 x
1,911
1,911
(19) U
(111)
(111) x
(112)
(112) X
(1) U
$
2,534
S
2,534 $
2,535
S
2,535
S
(1)
U
Kitchen
Kitchen staff wages
$
(111)
S
(111) $
(112)
S
(112) S
(1)
U
Food
(755)
(755)
(768)
(768)
(13)
U
Paper products
(164)
(164)
(161)
(161) x
3
F
Variable overhead
(101)
(101)
(104)
(104)
(3)
U
Fixed overhead
(116)
(116)
(132)
(132)
(16)
U
Total expense
(1,247)
S (1,247)
$
(1.277)
(1,277)
S
(30)
U
0000 000000
21
F
(19) U
(1) U
(1) U
$
(1) U
(13)
U
3 F
(3) U
(16)
U
(30)
U
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