100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LSUS MHA 706 FINAL EXAM|| LATEST AND COMPLETE VERSION WITH ALL QUESTIONS AND CORRECT ANSWERS|| FULLY COVERED TEST WITH VERIFIED SOLUTIONS|| ASSURED PASS!! $21.49   Add to cart

Exam (elaborations)

LSUS MHA 706 FINAL EXAM|| LATEST AND COMPLETE VERSION WITH ALL QUESTIONS AND CORRECT ANSWERS|| FULLY COVERED TEST WITH VERIFIED SOLUTIONS|| ASSURED PASS!!

 3 views  0 purchase
  • Course
  • LSUS MHA 706
  • Institution
  • LSUS MHA 706

LSUS MHA 706 FINAL EXAM|| LATEST AND COMPLETE VERSION WITH ALL QUESTIONS AND CORRECT ANSWERS|| FULLY COVERED TEST WITH VERIFIED SOLUTIONS|| ASSURED PASS!!

Preview 3 out of 23  pages

  • October 10, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • lsus mha 706 final exam
  • LSUS MHA 706
  • LSUS MHA 706
avatar-seller
NURSELINCON
1|Pag e


LSUS MHA 706 FINAL EXAM|| LATEST AND
COMPLETE VERSION 2024-2025 WITH ALL
QUESTIONS AND CORRECT ANSWERS|| FULLY
COVERED TEST WITH VERIFIED SOLUTIONS||
ASSURED PASS!!
When using the direct cost allocation system - often you are allocating the cost of
__________ to Patient Service Departments.
Support (overhead) Departments




__________ are accounting methods to account for "cost" at an individual service
level.
Time Driven-Costing (TDBC)
Activity Based Costing (ABC)
Cost-to-Charge Ratio (CCR)
Relative Value (RVU)




__________ are true assumption(s) of the Cost-to-Charge Ratio Method.
Each service consumes overhead costs in the same proportion as the department as
a whole


Charges reflect the level of intensity of the service provided.

,2|Pag e


Activity Based Costing (ABC) begins with _________ that comprise the service
provided.
Individual Activities




Calculate...
total costs of the service by aggregating activity costs




Estimate...
cost of each activity




Collect...
activity data for each service




Identify...
the relevant activities




Assign...
cost drivers for each activity

, 3|Pag e


One use of managerial accounting information within a health service organization
is to....
-Set prices on services
-Identify the lowest feasible price when prices are negotiated
-Determine the profitability of different service lines




When a provider has market dominance, and can set its own prices (within reason),
it is said to be a price setter. In other situations, providers are price takers.
__________ may describe a situation where a provider is a "price taker."
There is a payer dominance


It is a perfectly competitive market


The provider is dealing with a government payer/program




Under marginal cost pricing, prices for a service are set to cover __________ costs.
incremental




To break-even, revenues
must equal total costs

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NURSELINCON. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $21.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$21.49
  • (0)
  Add to cart