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The following data pertain to the Waikiki Sands Hotel for the month of March. Flexible Budget March (in thousands) * $ 685 1,870 (99) (725) (146) (89) (104) Actual Results March (in thousands)* $ 700 1,857 (100) (732) (143) (92) (114) Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead "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 "0" for no effect (i.e., zero variance). Enter your answers in thousands.) WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results Variance March Year to Date March Year to Date March Year to Date Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen

The following data pertain to the Waikiki Sands Hotel for the month of March. Flexible Budget March (in thousands) * $ 685 1,870 (99) (725) (146) (89) (104) Actual Results March (in thousands)* $ 700 1,857 (100) (732) (143) (92) (114) Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead "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 "0" for no effect (i.e., zero variance). Enter your answers in thousands.) WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results Variance March Year to Date March Year to Date March Year to Date Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen

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. Flexible Budget March (in thousands)* 2$ Actual Results March (in thousands)* $ 700 1,857 (100) (732) (143) (92) (114) Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead 685 1,870 (99) (725) (146) (89) (104) "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 "0" for no effect (i.e.., zero variance). Enter your answers in thousands.) WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results Variance March Year to Date March Year to Date March Year to Date Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen Prev 1 of 3 Next > MacBook Pro #3 3 $ 4 % & 2 5 7 8. W E Y OP F G K C B MOSISO S'
Transcribed Image Text:The following data pertain to the Waikiki Sands Hotel for the month of March. Flexible Budget March (in thousands)* 2$ Actual Results March (in thousands)* $ 700 1,857 (100) (732) (143) (92) (114) Banquets and Catering Restaurants Kitchen staff wages Food Paper products Variable overhead Fixed overhead 685 1,870 (99) (725) (146) (89) (104) "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 "0" for no effect (i.e.., zero variance). Enter your answers in thousands.) WAIKIKI SANDS HOTEL Performance Reports for March (In Thousands) Flexible Budget Actual Results Variance March Year to Date March Year to Date March Year to Date Food and Beverage Department Banquets & Catering Restaurants Kitchen Total profit Kitchen Prev 1 of 3 Next > MacBook Pro #3 3 $ 4 % & 2 5 7 8. W E Y OP F G K C B MOSISO S'
Flexible Budget* Actual Results Variance Alols3 Year to Date SA February Year to Date February Year to Date February Company ;► $ 30,660 $ 64,567 $ 30,716 $64,570 $56 F $ 3 F Maui Division $ 18,400 $ 38,620 $ 18,470 $38.630 $70 F $10 F Oahu Division 12.260 25,947 12,246 25,940 14 U 7 U Total profit $ 30,660 $ 64,567 $ 30,716 $64.570 $56 F $ 3F Oahu Division Waimea Beach Resort $ 6,050 $ 12,700 $ 6,060 $12,740 $10 F $40 F Diamond Head Lodge Waikiki Sands Hotel 2,100 4,500 2,050 4,430 50 U 70 U 4,110 8,747 4,136 8,770 26 F 23 F Total profit $ 12,260 $ 25,947 $ 12,246 $25,940 $14 U $ 7U Waikiki Sands Hotel Grounds and Maintenance $ (45) $ 90) $ (44) $ (90) (90) $ 1F Housekeeping and Custodial (40) (90) (41) 1U Recreational Services 40 85 41 88 1 F $ 3F Hospitality Food and Beverage 2,800 6,000 2,840 6,030 40 F 30 F 1.355 2,842 1,340 2,832 15 U 10 U Total profit L $ 4,110 $ 8,747 $ 4,136 $ 8,770 $26 F $23 F Food and Beverage Department Banquets and Catering $ 600 $ 1,260 605 $ 1,265 $ 5F $ 5F Restaurants 1,785 3,750 1,760 3,740 25 U 10 U Kitchen (1,030) (2,168) (1,025) (2.173) 5 F 5U Total profit $ 1,355 $ 2,842 $ 1,340 $ 2,832 $15 U $10U Kitchen Kitchen staff wages Food $ (80) (675) $ (168) (1,420) (250) (150 (180) $ (169) (1,421) (248) (154) (181) 24 (78) $ 2F $ 1U (678) (115) (71) 3U 1U Paper products Variable overhead (120) 5 F 2F (70) (85) 1 U 4 U Fixed overhead (83) 2F Total expense $1,030) $ (2,168 $ (1,025) $2,173) $ 5F $ 5U *Numbers without parentheses denote profit; numbers with parentheses denote expenses; numbers in thousands. tF denotes favorable variance; U denotes unfavorable variance. MacBook Pro %23 %24 4 % & 5 8 9 W E Y G H. K N MOSISO B8 F.
Transcribed Image Text:Flexible Budget* Actual Results Variance Alols3 Year to Date SA February Year to Date February Year to Date February Company ;► $ 30,660 $ 64,567 $ 30,716 $64,570 $56 F $ 3 F Maui Division $ 18,400 $ 38,620 $ 18,470 $38.630 $70 F $10 F Oahu Division 12.260 25,947 12,246 25,940 14 U 7 U Total profit $ 30,660 $ 64,567 $ 30,716 $64.570 $56 F $ 3F Oahu Division Waimea Beach Resort $ 6,050 $ 12,700 $ 6,060 $12,740 $10 F $40 F Diamond Head Lodge Waikiki Sands Hotel 2,100 4,500 2,050 4,430 50 U 70 U 4,110 8,747 4,136 8,770 26 F 23 F Total profit $ 12,260 $ 25,947 $ 12,246 $25,940 $14 U $ 7U Waikiki Sands Hotel Grounds and Maintenance $ (45) $ 90) $ (44) $ (90) (90) $ 1F Housekeeping and Custodial (40) (90) (41) 1U Recreational Services 40 85 41 88 1 F $ 3F Hospitality Food and Beverage 2,800 6,000 2,840 6,030 40 F 30 F 1.355 2,842 1,340 2,832 15 U 10 U Total profit L $ 4,110 $ 8,747 $ 4,136 $ 8,770 $26 F $23 F Food and Beverage Department Banquets and Catering $ 600 $ 1,260 605 $ 1,265 $ 5F $ 5F Restaurants 1,785 3,750 1,760 3,740 25 U 10 U Kitchen (1,030) (2,168) (1,025) (2.173) 5 F 5U Total profit $ 1,355 $ 2,842 $ 1,340 $ 2,832 $15 U $10U Kitchen Kitchen staff wages Food $ (80) (675) $ (168) (1,420) (250) (150 (180) $ (169) (1,421) (248) (154) (181) 24 (78) $ 2F $ 1U (678) (115) (71) 3U 1U Paper products Variable overhead (120) 5 F 2F (70) (85) 1 U 4 U Fixed overhead (83) 2F Total expense $1,030) $ (2,168 $ (1,025) $2,173) $ 5F $ 5U *Numbers without parentheses denote profit; numbers with parentheses denote expenses; numbers in thousands. tF denotes favorable variance; U denotes unfavorable variance. MacBook Pro %23 %24 4 % & 5 8 9 W E Y G H. K N MOSISO B8 F.
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