Explain why cost management and cost allocation is important

Assignment Help Other Subject
Reference no: EM132256695

Question: Answer the Following

1. Explain why cost management and cost allocation is important information for a healthcare manager?

2. What are indirect or overhead costs? Discuss one method in which overhead costs can be allocated?

3. What is the degree of operating leverage? What does it mean if one firm has a measure of 40% and the other has a measure of 50%, which is better?

4. Define fixed cost and provide an example of a fixed cost in a healthcare setting.

5. Define variable cost and provide an example of a variable cost in a healthcare setting.

Once you posted your initial discussion based on the above, respond to TWO of your fellow classmate's responses in an area different from what you responded to initially.

Make sure you are properly citing your source(s) and providing your reference(s) for information you obtain from another source. Please review the Discussion Expectations and Grading posting if you have any questions regarding answering the discussion question and/or responding to your peers.

Reference no: EM132256695

Questions Cloud

Three basic approaches to departmentalization : The three basic approaches to departmentalization are
How you can apply the selected financial concepts : In a 3-5 page paper, describe how you can apply the selected financial concepts from the article to your current health care organization or a health care.
Discuss some of the characteristics of emerging economies : Discuss some of the characteristics of emerging economies. Why do they grow faster than more advanced economies?
What is the new level of deposits : 1. Consider the following accounts of the First National Bank.
Explain why cost management and cost allocation is important : Explain why cost management and cost allocation is important information for a healthcare manager? What are indirect or overhead costs? Discuss one method.
How has each agent of socialization personally affected you : What are the 7 Agents of Socialization listed in your textbook? Why is socialization important?
What are some of the possible causes of poor nutrition : What are some of the possible causes of poor nutrition? Give at least 4 causes and a short description of each. Give 5 interesting facts about seniors.
Assets and liabilities of first national bank : Divide the following into Assets and Liabilities of First National Bank (a Commercial Bank).
Analyze the content of ten advertisements : Apply the sociological imagination, theoretical perspectives, and scientific research to uncover patterns of social behavior.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd