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The price of wheat increases, but few people cut back on their consumption of bread because:
Manufacturing Costs
Expenses directly related to the production of goods, including raw materials, labor, and overhead.
Prime Costs
The sum of direct materials cost and direct labor cost, representing the primary costs involved in producing a product.
Finished Goods Inventory
The stock of completed products ready for sale but not yet sold, representing a current asset on the balance sheet.
Manufacturer
A company or individual that creates goods using raw materials and components through various processes, labor, and machinery.
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