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In order to protect against rent increases on the building in which she operates a dance studio,Mella signs an 18-month lease for $18,000.The lease commences on November 1,2010.How much of the $18,000 payment can she deduct in 2010 and 2011?
Materials Price Variance
The difference between the actual cost of materials used in production and the expected (or standard) cost, which can indicate changes in market prices or issues with budgeting.
Raw Material
Basic materials that are used in the production process to manufacture goods.
Variable Overhead Rate
The rate at which variable overhead costs are allocated to each unit of production, which may vary with the level of output.
Direct Labor-Hours
Overall employment hours dedicated directly to the manufacturing operation.
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