Jim Graham Integrated Services uses a standard cost system, and calculates and records variances related to direct materials and direct labor. The following information was available for March: Purchases of raw materials - actual cost $110,000 Purchases of raw materials - standard cost 111,000 All of the purchased raw material was transferred to work in process, and the materials quantity variance was unfavorable by $11,000. Direct labor - actual cost $140,000 Direct labor - standard cost for output 132,000 The labor efficiency variance was favorable by $7,600. (a) Calculate materials price variance. (b) Calculate materials quantity variance. (c) Calculate labor rate and efficiency variances.

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