FabCorporation will need 500,000 Canadian dollars (CND) in 90 days to cover a payable position. Currently, a call option with an exercise price of CND USD .75 and a premium of .01 is available. Also, a 90-day put option with an exercise price of CND USD .73 and a premium of .01 is available. FAB will purchase an option to hedge its payable position. Assuming that the spot rate in 90 days is CND USD .76, what is the total amount paid, assuming FAB wishes to minimize its cost? Your answer should be the total US dollar expense to satisfy the payable. $370,000 $385,000 $360,000 $380,000

"jake’s roof repair has provided the following data concerning its costs: fixed cost per month cost per repair-hour wages and salaries $ 20,900 $ 15.00 parts and supplies $ 7.70 equipment depreciation $ 2,800 $ 0.35 truck operating expenses $ 5,720 $ 1.60 rent $ 4,690 administrative expenses $ 3,850 $ 0.50 for example, wages and salaries should be $20,900 plus $15.00 per repair-hour. the company expected to work 2,600 repair-hours in may, but actually worked 2,500 repair-hours. the company expects its sales to be $47.00 per repair-hour. required: compute the company’s activity variances for may."