COST ACCOUNTING
STANDARD COSTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Detailed explanation-1: -Classifications of labor include: laborers, specialty equipment operators, heavy equipment operators, truck drivers and specialty crafts (i.e., carpenters, electricians, ironworkers, sheet metal workers, etc.).
Detailed explanation-2: -AddThis Sharing Buttons. OEM, or original equipment manufacturer, is a term heard most often within two industries: automotive and IT. Initially, it was associated with a company that manufactured a product which was then resold or rebranded by another company.
Detailed explanation-3: -OEM stands for original equipment manufacturer. The original manufacturer of the auto parts sold at Penske Chevrolet of Cerritos is GM. Aftermarket auto parts are parts made by third party companies based on OEM part designs.