100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
LSUS MHA 706 FINAL EXAM 2024/FINANCIAL MANAGEMENT MIDTERM/ LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS$27.99
Add to cart
LSUS MHA 706 FINAL EXAM 2024/FINANCIAL MANAGEMENT MIDTERM/ LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS
7 views 0 purchase
Course
LSUS MHA 706
Institution
LSUS MHA 706
LSUS MHA 706 FINAL EXAM 2024/FINANCIAL MANAGEMENT MIDTERM/ LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS
LSUS MHA 706 FINAL EXAM 2024/FINANCIAL
MANAGEMENT MIDTERM/ LATEST 2024 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY
GRADED A+ 100% GUARANTEED TO PASS CONCEPTS
Patient Service Departments are...-ANSWER-
often called revenue centers
Direct Costs are...-ANSWER-
costs unique and exclusive to a department
"Dollars in the Cost Pool" / "Total Volume of Cost Driver" =-ANSWER-
Allocation Rate
Effective cost drivers should have what characteristics(s)?-ANSWER-
-Promote organizational cost reduction
,-Perceived as being fair
__________ is NOT a type of allocation method?-ANSWER-
Step-Up Method
As an Accounting Manager - you are responsible for allocating the cost of
facilities to other departments. What would be an appropriate cost driver
for you to use for this allocation?-ANSWER-
-Square footage of the department
-Housekeeping
TRUE/FALSE: Once a company uses the Direct Method to allocate costs to
revenue-producing departments within the facility - the total level of expenses
decreases for the organization.-ANSWER-
False
When using the direct cost allocation system - often you are allocating the cost
of __________ to Patient Service Departments.-ANSWER-
Support (overhead) Departments
, __________ are accounting methods to account for "cost" at an individual
service level.-ANSWER-
Time Driven-Costing (TDBC)
Activity Based Costing (ABC)
Cost-to-Charge Ratio (CCR)
Relative Value (RVU)
__________ are true assumption(s) of the Cost-to-Charge Ratio Method.-
ANSWER-
Each service consumes overhead costs in the same proportion as the
department as a whole
Charges reflect the level of intensity of the service provided.-ANSWER-
Cost Driver is the...
basis cost pool will be allocated
Cost Pool is the...-ANSWER-
overhead amount to be allocated
Overhead Departments are...
often called cost centers
Indirect Costs-ANSWER-
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller trustednurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $27.99. You're not tied to anything after your purchase.
