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MHA 706 FINAL-LORD Exam QUESTIONS AND ANSWERS 100% ACCURATE $12.49   Add to cart

Exam (elaborations)

MHA 706 FINAL-LORD Exam QUESTIONS AND ANSWERS 100% ACCURATE

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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...

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  • October 10, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Mha 706
  • Mha 706
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NursingTutor1
MHA 706 FINAL-LORD Exam

QUESTIONS AND ANSWERS 100%

ACCURATE


Direct Costs - ANSWER-Costs unique and exclusive to a department.

GENERATE REVENUE




Ex- costs associated with providing the clinical testing such as staff and

supplies.




Direct cost allocation method - ANSWER-the costs of each support

department are allocated directly to, and only to, the patient services

departments.




Step-down allocation method - ANSWER-allocates support-department costs

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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