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The following data pertain to the Waikiki Sands Hotel for the month of March. Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead Flexible Budget March (in thousands)* $ 650 1,800 (85) (690) (125) (75) (90) Actual Results March (in thousands)* $ 658 1,794 (86) (690) (122) (78) (93) "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 WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Actual Results Flexible Budget March Year to Date March $ 650 $ 658 1,800 1,794 (1,065) (1,069) $ 1,385 $ 1,383 Year to Date + Variance March Year to Date $ 8 F 6 U 4 U 2U

The following data pertain to the Waikiki Sands Hotel for the month of March. Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead Flexible Budget March (in thousands)* $ 650 1,800 (85) (690) (125) (75) (90) Actual Results March (in thousands)* $ 658 1,794 (86) (690) (122) (78) (93) "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 WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Actual Results Flexible Budget March Year to Date March $ 650 $ 658 1,800 1,794 (1,065) (1,069) $ 1,385 $ 1,383 Year to Date + Variance March Year to Date $ 8 F 6 U 4 U 2U

FINANCIAL ACCOUNTING
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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The following data pertain to the Waikiki Sands Hotel for the month of March. Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead Flexible Budget March (in thousands)* $ 650 1,800 (85) (690) (125) (75) (90) Actual Results March (in thousands)* $ 658 1,794 (86) (690) (122) (78) (93) "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 WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Actual Results Flexible Budget March Year to Date March $ 650 $ 658 1,800 1,794 (1,065) (1,069) $ 1,385 $ 1,383 Year to Date + Variance March Year to Date $ 8 F 6 U 4 U 2U
Transcribed Image Text:The following data pertain to the Waikiki Sands Hotel for the month of March. Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead Flexible Budget March (in thousands)* $ 650 1,800 (85) (690) (125) (75) (90) Actual Results March (in thousands)* $ 658 1,794 (86) (690) (122) (78) (93) "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 WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Actual Results Flexible Budget March Year to Date March $ 650 $ 658 1,800 1,794 (1,065) (1,069) $ 1,385 $ 1,383 Year to Date + Variance March Year to Date $ 8 F 6 U 4 U 2U
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