Cost Classifications

comprise Classifications Consult Ch. 6 & 7 of Health negociate 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 be fleet. Part 1 For each term in towboat A, select the aline definition from tugboat B on the right. Write the equal letter of the definition next to the term. Column A f 1. Indirect be a 2. unionise be d 3. obdurate cost i e h b c g 4. varying cost 5. Step-fixed costs 6. province centers 7. Revenue centers 8. embody centers . Shadow cost centers Column B Definitions A. cost incurred directly as a result of providing a specific service or good B. Centers charged with controlling costs and generate revenue C. present no revenue budget and no accountableness to earn revenue D. cost that do non vary as service spate varies E. Fixed over some range of service playscript, entirely rise to a new level for a higher range of service volume F. b es that cannot be tied directly to the patients stay in the bed G. Exist as budgets on paper only H. The places where costs occur and have budgets I.cost that change as volume changes Part II For each real-world example, select the correct term from the list on the left. Write the same letter of the real-world example next to the term. Column A m 1. Indirect costs q 2. check costs p 3. Fixed costs n r j o l k 4. uncertain costs 5. Step-fixed costs 6. certificate of indebtedness centers 7. Revenue centers 8. Cost centers 9. Shadow cost centers Column B Real-World Examples J. A sub social unit of a larger organization that is responsible for some type of budget, such as the paysheet department or courier service K.Shares of depreciation, judicature division, or laundry service L. Administration, human resources, or housekeeping M. Utility bill, supplies, or maintenance N. nurse care, food consumed, drugs administered O. Hospital cafeteria, gift shop, or pose ramp P. Depreciat ion of hospital equipment Q. Building add payment, building insurance, or course or earnings service R. The nurse-to-patient ratio on the cardiac unit is one to three patients. There are 4 nurses scheduled for 12 patients. During the second shift, three much patients are admitted. The nurse manager c all tolds in a fifth nurse.Part III Select cardinal choices from Part II and explain why they piece that cost classification. 7 Revenue centers. I chose hospital cafeteria, gift shop, and pose ramp as the real life example of revenue centers because these are all for profit examples. The profit of any of the examples mentioned above contri stilles to the revenue of the hospital in general. 4 versatile costs The reason 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 facility census.Cost ClassificationsAssociate Level 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 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 deliver 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 budget s 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 net service The nurse-to-patient ratio on the cardiac unit is one to three patients. There are quaternity 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 take care that cost classification. Places such as hospital cafeteria, gift shop, or parking ramp are class as revenue centers. These are categorize in this way because they are used for interaction and to attain 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 cognise as costs that do not vary depending on the services given. These costs are endured any month and at a standard, fixed rate for the company.Cost ClassificationsAssociate Level 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 definitio ns 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 rea l-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 The nurse-to-patient ratio on the cardiac unit is one to three patients. There are four nurses scheduled for 12 patients.During the seco nd 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 attain 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 cognise 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.