Two economies are identical except that the level of capital per worker is higher in highland than in lowland. the production functions in both economies exhibit diminishing marginal product of capital. an extra unit of capital per worker increases output per worker: select one: a. by the same amount in highland and lowland. b. more in highland. c. more in lowland. d. in highland, but not in lowland.

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40