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MHA 706 4 Exam/23 Questions and Answers
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MHA 706 4 Exam/23 Questions and Answers
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MHA 706 4 Exam/23 Questions andAnswers
Patient Service Departments - -Are often called revenue centers
-Indirect Cost - -Are cost associated with shared resources used by the
entire organization
-Direct Costs - -Are costs unique and exclusive to a department
-Overhead departments - -Are often called costs centers
-Cost Pool - -Is the overhead amount to be allocated
-Cost Driver - -Is the basis on which the cost pool will be allocated
-When you divide the "Dollars in the Cost Pool" by "Total Volume of Cost
Driver" what have you determined? - -Allocation Rate
-What characteristics should a Effective cost drivers have? - -Perceived as
being fair,
Promote organizational cost reduction
-Types of allocation methods. - -Reciprocal Method, Step-Down Method,
Direct 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? - -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. True or false? - -False
-When using the direct cost allocation system - often you are allocating the
cost of ____ to Patient Service Departments. - -Support (overhead)
departments
-What are accounting methods to account for "costs" at an individual service
level? - -Cost-to-Charge Ratio (CCR), Relative Value Unit (RVU), Activity
Based Costing (ABC), Time-Driven Activity Based Costing (TDABC)
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