The answer to both your questions is yes, dylan, whilst the first two and last two letters of the first word of 34d are removed, leaving an anagram, an unusual 4 letter word for drag is added to a cutting tool, reversed, for 11a, 39d is the first letter of shocked followed by the longer abbreviation for about and balls less all and s & 15d is an abbreviation for moment around the plural of Indonesian oxen less the s.