E. Preproduction costs. 14. Products that are in the process of being manufactured but are not yet complete are called A. Raw materials inventory. B. Conversion costs. C. Cost of goods sold. D. Goods in process inventory. E. Finished goods inventory. 15. The three major cost components of a manufactured product are: A. Marketing, selling, and administrative costs. B. Indirect labor, indirect materials, and miscellaneous factory expenses. C. Direct materials, direct labor, and factory overhead. D. Differential costs, opportunity costs, and sunk costs. E. General, selling, and administrative costs. 16. The following data relates to All-Out Company's estimated amounts for next year. Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $200,000 60,000 DLH 1,000 MH Department 2 $400,000 80,000 DLH 3,000 MH What is the company's plantwide overhead rate if machine hours are the allocation base? (Round to two decimal places.) A. $200.00 per MH B. $150.00 per MH C. $100.00 per MH D. $4.29 per MH E. $5.00 per MH