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MHA 706 Final Exam | UPDATE COMPREHENSIVE MOST FREQUENTLY TESTED QUESTIONS AND VERIFIED ANSWERS |GRADED A+ |GET IT 100% ACCURATE!!

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MHA 706 Final Exam | UPDATE COMPREHENSIVE MOST FREQUENTLY TESTED QUESTIONS AND VERIFIED ANSWERS |GRADED A+ |GET IT 100% ACCURATE!!

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  • October 24, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MHA 706
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CodedNurse
10/24/24, 9:53 PM MHA 706 Final Exam |2024-2025 UPDATE COMPREHENSIVE MOST FREQUENTLY TESTED QUESTIONS AND VERIFIE…




MHA 706 Final Exam |2024-2025 UPDATE
COMPREHENSIVE MOST FREQUENTLY TESTED
QUESTIONS AND VERIFIED ANSWERS
|GRADED A+ |GET IT 100% ACCURATE!!


Terms in this set (101)


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

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

Cost Pool Is the overhead amount to be allocated

Overhead departments Are often called costs centers

Patient Service Are often called revenue centers
Departments

Direct Costs Are costs unique and exclusive to a department

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

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

Which of the following is step-up method
NOT a type of allocation
method.




https://quizlet.com/962152503/mha-706-final-exam-2024-2025-update-comprehensive-most-frequently-tested-questions-and-verified-answers-gra… 1/9

, 10/24/24, 9:53 PM MHA 706 Final Exam |2024-2025 UPDATE COMPREHENSIVE MOST FREQUENTLY TESTED QUESTIONS AND VERIFIE…

As an Accounting Square footage of the department
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.

Once a company uses False
the direct method to
allocate indirect costs to
revenue-producing
departments within the
facility - the total level of
expenses decreases for
the organization.

When using the direct Support (overhead) departments
cost allocation system -
often you are allocating
the cost of xxxx to
Patient Service
Departments

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

Select all of the true Each service consumes overhead costs in the same
assumption(s) of the proportion as the department as a whole
Cost-to-Charge Ratio Charges reflect the level of intensity of the service
Method. provided

Activity based costing Individual Activities
(ABC) begins with the .....
that comprise the service
provided.




https://quizlet.com/962152503/mha-706-final-exam-2024-2025-update-comprehensive-most-frequently-tested-questions-and-verified-answers-gra… 2/9

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