37.The sum of the direct materials costs, direct labor costs, and manufacturing overhead incurred is the

total cost of work in process.

cost of goods manufactured.

total manufacturing costs.

total manufacturing overhead.

If annual overhead costs are expected to be $990000 and direct labor costs are expected to be $1000000, then if the activity base is direct labor costs:

for every dollar of manufacturing overhead, 1.0 cents of direct labor will be assigned.

$99.0 is the predetermined overhead rate.

a predetermined overhead rate cannot be determined.

for every dollar of direct labor, 99.0 cents of manufacturing overhead will be assigned.

40.Which of the following is a batch-level activity?

Plant management

Assembling

Equipment setups

Product design

5.

Machining is a non-value-added activity.

True

False