During its first year of operations, the mccormick company incurred the following manufacturing costs: direct materials, $4 per unit, direct labor, $2 per unit, variable overhead, $3 per unit, and fixed overhead, $256,000. the company produced 32,000 units, and sold 26,500 units, leaving 5,500 units in inventory at year-end. income calculated under variable costing is determined to be $380,000. how much income is reported under absorption costing?

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer