Mha 706 final lord - Study guides, Class notes & Summaries

MHA 706 FINAL-LORD Questions And Answers 100% Correct Direct Costs Costs unique and exclusive to a department. GENERATE REVENUE Ex- costs associated with providing the clinical testing such as staff and supplies. Indirect costs (overheads) Costs associated with shared resources used by the entire organization Ex-costs associated with central services such as human resources and finance Cost Allocation Assign all overhead costs to the departments that create the need for such costs, typi...

MHA 706 FINAL – LORD (Qs & As)

Cost Driver is the... basis cost pool will be allocated Cost Pool is the... overhead amount to be allocated Overhead Departments are... often called cost centers Indirect Costs Costs of shared resources used by the entire organization Patient Service Departments are... often called revenue centers Direct Costs are... costs unique and exclusive to a department "Dollars in the Cost Pool" / "Total Volume of Cost Driver" = Allocation Rate Effective cost drivers should have what cha...

Cost Driver is the... basis cost pool will be allocated Cost Pool is the... overhead amount to be allocated Overhead Departments are... often called cost centers Indirect Costs Costs of shared resources used by the entire organization Patient Service Departments are... often called revenue centers Direct Costs are... costs unique and exclusive to a department "Dollars in the Cost Pool" / "Total Volume of Cost Driver" = Allocation Rate Effective cost drivers should have what cha...

MHA 706 FINAL-LORD verified/passed 2024/2025Direct Costs - correct answer Costs unique and exclusive to a department. GENERATE REVENUE Ex- costs associated with providing the clinical testing such as staff and supplies. Indirect costs (overheads) - correct 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 - correct answer Assign all overhead costs to the depart...

LSUS MHA 706 FINAL - LORD

QUESTIONS AND ANSWERS

MHA 706 FINAL-LORDDirect Costs - correct answer Costs unique and exclusive to a department. GENERATE REVENUE Ex- costs associated with providing the clinical testing such as staff and supplies. Indirect costs (overheads) - correct 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 - correct answer Assign all overhead costs to the departments that create the need...

Direct Costs - CORRECT ANSWER-Costs unique and exclusive to a department. GENERATE REVENUE Ex- costs associated with providing the clinical testing such as staff and supplies. Indirect costs (overheads) - CORRECT 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 - CORRECT ANSWER-Assign all overhead costs to the departments that create the need for such costs, typically...