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Why does the law generally place the risk of forgery on the payor bank,yet place the risk of unauthorized completion on the drawer? What factors would justify a difference in liability of the bank? What factors would justify a difference in liability of the drawer?
Product Margin
The amount by which the selling price of a product exceeds its production or acquisition cost.
Direct Materials Cost
The expense associated with raw materials and components directly used in the manufacturing of a product.
Activity-Based Costing
A costing method that assigns overhead costs to products based on the activities required to produce them.
Product Margin
The difference between the selling price of a product and the cost of goods sold (COGS), indicating the profit per unit sold.
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