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F. Naz
F. Naz, Chartered Accountant
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hca 270 due sunday Individual Costs Classification Review

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hca 270 due sunday
Individual

Costs Classification

Review the classification of costs presented in Ch. 6 of Health Care Finance.

Complete the Axia Material: Costs Classification worksheet.

Post your assignment as an attachment.
Please provide the data thanks.
Customer: replied 6 years ago.
Axia Material

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


1. Indirect costs

2. Direct costs

3. Fixed costs






4. Variable costs
5. Step-fixed costs
6. Responsibility centers
7. Revenue centers
8. Cost centers
9. Shadow cost centers
Column B – Definitions

A. Costs incurred directly as a result of providing a specific service or good
B. Centers charged with controlling costs and generate revenue
C. Have no revenue budget and no obligation to earn revenue
D. Costs that do not vary as service volume varies
E. Fixed over some range of service volume, but rise to a new level for a higher range of service volume
F. Costs that cannot be tied directly to the patient’s stay in the bed
G. Exist as budgets on paper only
H. The places where costs occur and have budgets
I. 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

1. Indirect costs

2. Direct costs

3. Fixed costs






4. Variable costs
5. Step-fixed costs
6. Responsibility centers
7. Revenue centers
8. Cost centers
9. Shadow cost centers

Column B – Real-World Examples
J. A subunit of a larger organization that is responsible for some type of budget, such as the payroll department or courier service
K. Shares of depreciation, administration division, or laundry service
L. Administration, human resources, or housekeeping
M. Utility bill, supplies, or maintenance
N. Nursing care, food consumed, drugs administered

O. Hospital cafeteria, gift shop, or parking ramp
P. Depreciation of hospital equipment
Q. Building loan payment, building insurance, or cable or internet service
R. 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.


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F. Naz and 2 other Homework Specialists are ready to help you
Customer: replied 5 years ago.
is there anyway you can help me with the two that i have posted please?!?
By what time do you need it , I can try but do not promise. thanks.
Customer: replied 5 years ago.
the dates are posted i need one by tonight and the other is due on sunday.
Sorry it will not be possible to work by tonight.
Customer: replied 5 years ago.
tomorow please?
I will try but do not promise.
Customer: replied 5 years ago.
is there anyway you could help me on the assignment that is due tonight but i can submit it tomorrow?
I am extermely sorry that I have gone through the assignments but I can not do that, better luck next time.