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Nelda suffered a serious stroke and was admitted to a nursing home for 140 days.Nursing home charges,including physician fees and other related expenses were $33,000.Under Nelda's long-term care insurance contract,she received reimbursements of $36,000.How much of the $36,000 reimbursement must be included in Nelda's gross income in 2015?
Direct Materials
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Theoretical Standard
A benchmark for the most efficient level of operating performance or cost control, assuming perfect conditions.
Fixed Overhead Volume Variance
The difference between the budgeted and actual overhead costs due to variations in production volume.
Machine Breakdowns
Unplanned events where machinery or equipment fails to function correctly, leading to production delays, increased maintenance costs, and potential operational losses.
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