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CSAF-Certified Specialist Accounting and Finance Practice questions for this set Terms in this set (24) Why is cost accounting so important in health care? Reimbursement is predetermined, management must focus primarily on finding ways to manage c$7.99
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CSAF-Certified Specialist Accounting and Finance Practice questions for this set Terms in this set (24) Why is cost accounting so important in health care? Reimbursement is predetermined, management must focus primarily on finding ways to manage c
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Course
ABA - Accredited Business Accountant/Advisor
Institution
ABA - Accredited Business Accountant/Advisor
CSAF-Certified Specialist Accounting and Finance
Practice questions for this set
Terms in this set (24)
Why is cost accounting so important in health care? Reimbursement is predetermined, management must focus primarily on finding ways to manage costs.
Incremental or Marginal Cost U...
CSAF-Certified Specialist Accounting and Finance
Jeremiah
Practice questions for this set
Terms in this set (24)
Why is cost accounting so important in Reimbursement is predetermined, management must focus primarily on finding ways to
health care? manage costs.
Used when costing decisions are being made with the understanding that there is a diff
Incremental or Marginal Cost
in cost at 2 diff activity or volume levels.
The difference between marginal revenue and marginal cost. Contribution margin goes
Contribution Margin
toward supporting fixed costs; if it exceeds that, it goes to profit.
CSAF-Certified Specialist Accounting and Finance
the point at which the costs of producing a product equal the revenue made from
break-even point
selling the product. Total fixed cost/contribution margin per unit
1/2
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