MHA 706 FINAL-LORD Exam QUESTIONS AND ANSWERS 100% ACCURATE
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Course
Mha 706
Institution
Mha 706
MHA 706 FINAL-LORD Exam QUESTIONS AND ANSWERS 100% ACCURATEMHA 706 FINAL-LORD Exam QUESTIONS AND ANSWERS 100% ACCURATEMHA 706 FINAL-LORD Exam QUESTIONS AND ANSWERS 100% ACCURATEMHA 706 FINAL-LORD Exam QUESTIONS AND ANSWERS 100% ACCURATE
Direct Costs - ANSWER-Costs unique and exclusive to a departm...
to other support departments and to operating departments in a sequential
manner that partially recognizes the mutual services provided among all
support departments
, What is the most used Cost Allocation Method? - ANSWER-Step-down method
is used more because it recognizes at least some of those interest support
department relationships. So, it's a fairer in efficient way of doing the
allocation.
Indirect costs (overheads) - ANSWER-Costs associated with shared resources
used by the entire organization
Ex-costs associated with central services such as human resources and
finance
Cost Allocation - ANSWER-Assign all overhead costs to the departments that
create the need for such costs, typically the patient services departments.
Cost Pool - ANSWER-Overhead amount to be allocated.
Consists of the direct costs of one overhead department.
Ex- HR Cost.
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