If a firm experiences constant returns to the variable input in the short run: Group of answer choices marginal cost and average variable cost will be equal over the range of output in question. marginal cost will be greater than average variable cost, but the two will become more equal as output increases. marginal cost will be greater than average variable cost, and the difference between the two will become larger as output increases. marginal cost will be less than average variable cost, but the two will become more equal as output increases.

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