Cost Analysis Principals
RequiredRequired Question(s)
Required 1.

The process of assigning indirect costs to a part of the organization that provides services to a patient is:

Cost pool
Cost allocation
Cost driver
Activity-based costing (ABC)
Required 2.

The basis of assigning indirect costs to a part of the organization that provides services to a patient is:

Cost pool
Cost allocation
Cost driver
Activity-based costing (ABC)
Required 3.

What is the definition of direct costs?

Costs that vary with the volume of services provided.
Costs that are incurred provide the services of a healthcare entity.
Costs that are necessary to operate the business, outside of services to patients.
Required 4.

Beachside Health Plan pays $5,000 a month to a diabetic educator who works with high-risk diabetic patients covered by the plan. How would this example of expenses be classified?

Fixed
Variable
Semi-fixed
Step variable
Required 5.

Indirect costs are the costs necessary to operate a business that are not incurred in the provision of services to patients. Which of the following is an example of an indirect cost:

Salaries paid to executives
Medications
Supplies
Salaries of nurses or patient caregivers
Required 6.

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