Mha 706 final Study guides, Class notes & Summaries

MHA 706 FINAL-LORD EXAM QUESTIONS WITH CORRECT ANSWERS

Indirect Costs - CORRECT ANSWER-Are costs associated with shared resources used by the entire organization Cost Driver - CORRECT ANSWER-Is the basis on which the cost pool will be allocated Cost Pool - CORRECT ANSWER-Is the overhead amount to be allocated Overhead departments - CORRECT ANSWER-Are often called costs centers Patient Service Departments - CORRECT ANSWER-Are often called revenue centers Direct Costs - CORRECT ANSWER-Are costs unique and exclusive to a department When you d...

MHA 706 FINAL

LSUS MHA 706 FINAL COMPREHENSIVE QUESTIONS AND ANSWERS/ALREADY PASSED A+,,,Alpha

MHA 706 FINAL EXAM QUESTIONS AND ANSWERS Direct Costs - ANS 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) - ANS Costs associated with shared resources used by the entire organization Ex-costs associated with central services such as human resources and finance Cost Allocation - ANS Assign all overhead costs to the departments that create the need f...

MHA 706 FINAL EXAM – LORD: Questions With Solutions

LSUS MHA 706 FINAL - LORD

MHA 706 Final Exam Indirect Costs - correct answer Are costs associated with shared resources used by the entire organization Cost Driver - correct answer Is the basis on which the cost pool will be allocated Cost Pool - correct answer Is the overhead amount to be allocated Overhead departments - correct answer Are often called costs centers Patient Service Departments - correct answer Are often called revenue centers Direct Costs - correct answer Are costs unique and exclu...

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...

LSUS MHA 706 FINAL - LORD QUESTIONS AND ANSWERS GOOD SCORE IS GUARANTEED GRADE A+