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Question: Cost accounting is defined as the method of allocating costs for Medicare beneficiaries …

by | Nov 30, 2023 | Posted Questions



Cost accounting is defined as the

method of allocating costs for Medicare beneficiaries

analysis of costs

analysis of charges

method of allocating costs among integrated delivery systems

Question 2

The purpose of cost accounting is to

provide management with cost information

keep costs for services

separate costs from charges

track specific costs in a healthcare organization

Question 3

Methods of classifying costs include classification

management function

traceability

accounting function

all of the above

Question 4

Direct apportionment

a onetime allocation of all costs from
non-revenue-generating departments to other non-revenue-generating
departments, then an allocation of all costs from nonrevenue
generating departments to all revenue generating departments

a onetime allocation of all costs from non-revenue-generating
departments to revenue-generating departments

a two-step allocation of costs involving multiple, simultaneous
apportionments during the first step

simultaneous allocations from all non-revenue-generating
departments to other non-revenue-generating departments and
revenue-generating departments to revenue-generating departments
before a onetime allocation of all costs to revenue-generating
departments

2.4 points

Question 5

Step-down apportionment involves

a onetime allocation of all costs from non-revenue-generating
departments to other non-revenue-generating departments, then an
allocation of all costs from non-revenue-generating departments to
all revenue-generating departments

simultaneous allocations from all non-revenue-generating
departments to other non-revenue-generating departments and
revenue-generating departments to revenue generating-departments
before a onetime allocation of all costs to revenue-generating
departments

a two-step allocation of costs involving multiple, simultaneous
apportionments during the first step

a two-step allocation of costs involving multiple, simultaneous
apportionments during the first step

2.4 points

Question 6

Double apportionment involves

a two-step allocation of costs involving multiple, simultaneous
apportionments during the first step

a onetime allocation of all costs from non-revenue-generating
departments to revenue-generating departments

a onetime allocation of all costs from non-revenue-generating
departments to other non-revenue-generating departments, then an
allocation of all costs from non-revenue-generating departments to
all revenue-generating departments

simultaneous allocations from all non-revenue-generating
departments to other non-revenue-generating departments and
revenue-generating departments to revenue-generating departments
before a onetime allocation of all costs to revenue-generating
departments

2.4 points

Question 7

Multiple apportionment involves

simultaneous allocations from all non-revenue-generating
departments to other non-revenue-generating departments and
revenue-generating departments to revenue-generating departments
before a onetime allocation of all costs to revenue-generating
departments

a onetime allocation of all costs from non-revenue-generating
departments to revenue-generating departments

a two-step allocation of costs involving multiple, simultaneous
apportionments during the first step

a onetime allocation of all costs from non-revenue-generating
departments to other non-revenue-generating departments, then an
allocation of all costs from non-revenue-generating departments to
all revenue-generating departments

2.4 points

Question 8

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