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LSUS MHA 706 FINAL EXAM 2 FINANCIAL MANAGEMENT MIDTERM Questions And Correct Answers Verified Latest Guaranteed Pass Grade A + UPDATED!! $15.49
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LSUS MHA 706 FINAL EXAM 2 FINANCIAL MANAGEMENT MIDTERM Questions And Correct Answers Verified Latest Guaranteed Pass Grade A + UPDATED!!

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LSUS MHA 706 FINAL EXAM 2 FINANCIAL MANAGEMENT MIDTERM Questions And Correct Answers Verified Latest Guaranteed Pass Grade A + UPDATED!!

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  • October 25, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • lsus mha 706 final exam 2 financial management mi
  • lsus mha 706 final exam 2 financial management

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  • LSUS MHA 706
  • LSUS MHA 706

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LSUS MHA 706 FINAL EXAM 2 FINANCIAL MANAGEMENT
MIDTERM Questions And Correct Answers Verified Latest
2024-2025 Guaranteed Pass Grade A + UPDATED!!



Indirect Costs - ANSWER>>Are costs associated with shared
resources used by the entire organization

Cost Driver - ANSWER>>Is the basis on which the cost pool will
be allocated

Cost Pool - ANSWER>>Is the overhead amount to be allocated

Overhead departments - ANSWER>>Are often called costs
centers

Patient Service Departments - ANSWER>>Are often called
revenue centers

Direct Costs - ANSWER>>Are costs unique and exclusive to a
department

When you divide the "Dollars in the Cost Pool" by "Total
Volume of Cost Driver" - you have determined .... -
ANSWER>>The Allocation Rate

, Effective cost drivers should have the following characteristic(s)
- ANSWER>>-Perceived as being fair
-Promote Organizational Cost Reduction

Which of the following 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

Once a company uses the direct method to allocate indirect
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 xxxx to Patient Service Departments -
ANSWER>>Support (overhead) departments

Select all of the following options that are accounting methods
to account for "costs" at an individual service level -
ANSWER>>Activity Based Costing (ABC)
Relative Value Unit (RVU)
Time-Driven Activity Based Costing (TDABC)
Cost-to-Charge Ratio (CCR)

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