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MHA 706 Module 4 – Questions With Complete Solutions.
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MHA 706 Module 4 – Questions With Complete Solutions.
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MHA 706 Module 4 – Questions WithComplete Solutions
Patient Service Departments - CORRECT ANSWER-Are often called revenue
centers
Indirect Cost - CORRECT ANSWER-Are cost associated with shared resources
used by the entire organization
Direct Costs - CORRECT ANSWER-Are costs unique and exclusive to a
department
Overhead departments - CORRECT ANSWER-Are often called costs centers
Cost Pool - CORRECT ANSWER-Is the overhead amount to be allocated
Cost Driver - CORRECT ANSWER-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? - CORRECT ANSWER-Allocation Rate
What characteristics should a Effective cost drivers have? - CORRECT
ANSWER-Perceived as being fair,
Promote organizational cost reduction
Types of allocation methods. - CORRECT ANSWER-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? - CORRECT ANSWER-Square footage of the
department.
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