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)* $ 670 1,840 Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead (83) Fixed overhead (98) *Numbers without parentheses denote profit; numbers with parentheses denote expenses. Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen 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.) Kitchen staff wages Food Paper products Variable overhead Fixed overhead Total expense (93) (710) (137) Flexible Budget March Actual Results March (in thousands)* 682 1,830 Year to Date (94) (714) (134) (86) (105) WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) March Actual Results Year to Date March Variance Year to Date

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)* $ 670 1,840 Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead (83) Fixed overhead (98) Numbers without parentheses denote profit; numbers with parentheses denote expenses. Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen 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.) Kitchen staff wages Food Paper products Variable overhead Fixed overhead Total expense (93) (710) (137) Flexible Budget March Actual Results March (in thousands) 682 1,830 Year to Date (94) (714) (134) (86) (105) WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) March Actual Results Year to Date March Variance Year to Date

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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