Five steps of the activity-based costing process

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Reference no: EM131780688

1. Which of the following are included in the five steps of the activity-based costing process?

a. Identify relevant activities, determine cost drivers, alter staffing levels

b. Determine cost drivers, implement healthcare home, calculate total cost of service

c. Identify relevant activities, determine cost drivers, and calculate total cost of service

d. Determine cost drivers, implement evidence-based medicine, calculate total cost of service

2. Managerial accounting is important to holding the gains because it can be used to anticipate the profitability of a project intended to improve patient flow.

True

False

3. The use of all the cost management tools contained in this book will have the largest financial impact for which type of payment?

a. Fee-for-service

b. Bundled payments

c. Shared savings

d. Global budget

Reference no: EM131780688

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