A Starbucks tall latte costs USD 1.78 in Turkey, USD 3.40 in Berlin, and USD 3.09 in Australia, with all prices converted from the local currency costs using market exchange rates. If the tall latte costs USD 3.00 in the US, which local currencies are undervalued against USD and which currencies are overvalued against USD assuming the PPP holds

Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?