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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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