Use the following for the next five questions: The following data is given for the Walker Company: Budgeted production1,000 units Actual production980 units Materials: Standard price per lb$2.00 Standard pounds per completed unit12 Actual pounds purchased and used in production11,800 Actual price paid for materials$23,000 Labor: Standard hourly labor rate$14 per hour Standard hours allowed per completed unit4.5 Actual labor hours worked4,560 Actual total labor costs$62,928 The total direct labor variance is:

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?