The current spot exchange rate is $1.50/€ and the three-month forward rate is $1.55/€. based on your analysis of the exchange rate, you are confident that the spot exchange rate will be $1.62/€ in three months. assume that you would like to buy or sell €1,000,000. what actions do you need to take to speculate in the forward market?

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.