Cost Classifications

Cost Classifications Consult Ch. 6 & 7 of health Cargon finance and other sources to complete the form. This worksheet requires you to tint the definitions and role models of fibers of cost, and the types of centers where be occur. break in 1 For severally term in tug A, select the overcompensate definition from column B on the right. sp ar the correspond garner of the definition side by side(p) to the term. tug A f 1. confirmatory cost a 2. machinate cost d 3. inflexible be i e h b c g 4. Variable be 5. Step-fixed be 6. Responsibility centers 7. Revenue centers 8. Cost centers . rump cost centers column B Definitions A. cost incurred directly as a result of providing a specific religious go or good B. Centers aerated with controlling cost and generate receipts C. Have no revenue budget and no obligation to prep be revenue D. cost that do not commute as receipts volume varies E. unflinching over some be sick of service volume, yet rise to a stark na ked level for a higher clutch of service volume F. Costs that cannot be even directly to the long-sufferings stay in the bed G. represent as budgets on paper only H. The places where be occur and hand over budgets I.Costs that interpolate as volume changes straggle II For separately real-world ensample, select the jell term from the list on the left. Write the corresponding letter of the real-world physical exertion next to the term. Column A m 1. Indirect be q 2. Direct costs p 3. Fixed costs n r j o l k 4. Variable costs 5. Step-fixed costs 6. Responsibility centers 7. Revenue centers 8. Cost centers 9. rear end cost centers Column B Real-World Examples J. A sub unit of measurement of a big organization that is creditworthy for some type of budget, such as the paysheet department or courier service K.Sh ares of depreciation, administ ration division, or washout service L. Administration, charitable resources, or housework M. Utility bill, supplies, or concern N. Nursing care, feed consumed, drugs administered O. Hospital cafeteria, open shop, or set behave P. Depreciation of infirmary equipment Q. Building add payment, building insurance, or demarcation or net service R. The nurse-to-patient ratio on the cardiac unit is one to lead patients. There are four nurses scheduled for 12 patients. During the second shift, triplet more patients are admitted. The nurse manager calls in a fifth nurse. factor common chord Select two choices from Part II and excuse why they live up to that cost classification. 7 Revenue centers. I chose hospital cafeteria, gift shop, and parking ramp as the real life example of revenue centers because these are all for profit examples. The profit of any of the examples mentioned to a higher place contributes to the revenue of the hospital in general. 4 Variable costs The originator I chose nursing care, food consumed, and drugs administered as the real life example for variables costs is because these costs fluctuate based on the hospitals or easiness census.Cost ClassificationsAssociate Level cloth Cost Classifications Consult Ch. 6 & 7 of Health Care Finance and other sources to complete the form. This worksheet requires you to match the definitions and examples of types of cost, and the types of centers where costs occur. Part 1 For each term in Column A, select the correct definition from Column B on the right. Write the corresponding letter of the definition next to the term. Column A F Indirect costs A Direct costs D Fixed costs I Variable costs E Step-fixed costs H Responsibility centers B Revenue centers C Cost centers G Shadow cost centers Column B Definitions Costs incurred directly as a result of providing a specific service or good Centers charged with controlling costs and generate revenue Have no revenue budget and no obligation to earn revenue Costs that do not motley as service volume varies Fixed over some range of service volume, but rise to a new level for a higher range of service volume Costs that cannot be tied directly to the patients stay in the bed Exist as budgets on paper only The places where costs occur and have budgets Costs that change as volume changes Part II For each real-world example, select the correct term from the list on the left. Write the corresponding letter of the real-world example next to the term. Column A K Indirect costs N Direct costs Q Fixed costs M Variable costs R Step-fixed costs J Responsibility centers O Revenue centers l Cost centers P Shadow cost centers Column B Real-World Examples A subunit of a larger organization that is responsible for some type of budget, such as the payroll department or courier service Shares of depreciation, administration division, or laundry service Administration, human resources, or housekeeping Utility bill, supplies, or maintenance Nursing care, food consumed, drugs administered Hospital cafeteria, gift shop, or park ing ramp Depreciation of hospital equipment Building impart payment, building insurance, or cable or earnings service The nurse-to-patient ratio on the cardiac unit is one to three patients. There are four nurses scheduled for 12 patients.During the second shift, three more patients are admitted. The nurse manager calls in a fifth nurse. Part III Select two choices from Part II and explain why they meet that cost classification. Places such as hospital cafeteria, gift shop, or parking ramp are categorise as revenue centers. These are class in this way because they are used for interaction and to produce cyberspace from goods that are sold in that department or unit. A loan payment, insurance, or cable/internet service is classified as a fixed cost. Fixed costs are known as costs that do not vary depending on the services given. These costs are endured every month and at a standard, fixed rate for the company.Cost ClassificationsAssociate Level Material Cost Classificati ons Consult Ch. 6 & 7 of Health Care Finance and other sources to complete the form. This worksheet requires you to match the definitions and examples of types of cost, and the types of centers where costs occur. Part 1 For each term in Column A, select the correct definition from Column B on the right. Write the corresponding letter of the definition next to the term. Column A F Indirect costs A Direct costs D Fixed costs I Variable costs E Step-fixed costs H Responsibility centers B Revenue centers C Cost centers G Shadow cost centers Column B Definitions Costs incurred directly as a result of providing a specific service or good Centers charged with controlling costs and generate revenue Have no revenue budget and no obligation to earn revenue Costs that do not vary as service volume varies Fixed over some range of service volume, but rise to a new level for a higher range of service volume Costs that cannot be tied directly to the patients stay in the bed Exist as budgets on paper only The places where costs occur and have budgets Costs that change as volume changes Part II For each real-world example, select the correct term from the list on the left. Write the corresponding letter of the real-world example next to the term. Column A K Indirect costs N Direct costs Q Fixed costs M Variable costs R Step-fixed costs J Responsibility centers O Revenue centers l Cost centers P Shadow cost centers Column B Real-World Examples A subunit of a larger organization that is responsible for some type of budget, such as the payroll department or courier service Shares of depreciation, administration division, or laundry service Administration, human resources, or housekeeping Utility bill, supplies, or maintenance Nursing care, food consumed, drugs administered Hospital cafeteria, gift shop, or parking ramp Depreciation of hospital equipment Building loan payment, building insurance, or cable or internet service Th e nurse-to-patient ratio on the cardiac unit is one to three patients. There are four nurses scheduled for 12 patients.During the second shift, three more patients are admitted. The nurse manager calls in a fifth nurse. Part III Select two choices from Part II and explain why they meet that cost classification. Places such as hospital cafeteria, gift shop, or parking ramp are classified as revenue centers. These are classified in this way because they are used for interaction and to produce profits from goods that are sold in that department or unit. A loan payment, insurance, or cable/internet service is classified as a fixed cost. Fixed costs are known as costs that do not vary depending on the services given. These costs are endured every month and at a standard, fixed rate for the company.