HFMA Test Part 1 | Questions with 100% Correct
Answers | Verified | Latest Update 2026
Save
Practice questions for this set
Learn 1 /7 Study using Learn
Are the costs that can be traced directly to a department, product, or service
(Salaries, Employee benefits, medications, supplies, aging and equipment
maintenance contract
Choose an answer
1 Direct Cost 2 Definition of cost
3 Step Down Approach 4 Variable Cost
Don't know?
Terms in this set (109)
, Definition of cost Can be the amount paid for the service. It can also
be the amount paid for salaries or to other vendors
Direct Cost Are the costs that can be traced directly to a
department, product, or service (Salaries,
Employee benefits, medications, supplies, aging
and equipment maintenance contract
Direct cost in a health Plan Would be the actual claims payments made by the
plan on behalf of its members
indirect costs Are the cost necessary to operate the business that
are not incurred in the provison of products or
services
Over Head Cost Salaries paid to executives, support services
(laundry, cafeteria, business office, medical records
and accounting. Facility Operating cost, such as
maintenance security or utilities.
Variable Cost Correlate directly with the volume or service
provided.
Fixed Cost Stay the same regardless of patient volume
Total Cost Sum of variable and fixed costs
Semi-fixed cost Cost that show the behavior of a variable cost
increase with volume it starts at a level above 0.
(Equipment maintenance that is paid a fix amount
plus additional amount per unit service
Answers | Verified | Latest Update 2026
Save
Practice questions for this set
Learn 1 /7 Study using Learn
Are the costs that can be traced directly to a department, product, or service
(Salaries, Employee benefits, medications, supplies, aging and equipment
maintenance contract
Choose an answer
1 Direct Cost 2 Definition of cost
3 Step Down Approach 4 Variable Cost
Don't know?
Terms in this set (109)
, Definition of cost Can be the amount paid for the service. It can also
be the amount paid for salaries or to other vendors
Direct Cost Are the costs that can be traced directly to a
department, product, or service (Salaries,
Employee benefits, medications, supplies, aging
and equipment maintenance contract
Direct cost in a health Plan Would be the actual claims payments made by the
plan on behalf of its members
indirect costs Are the cost necessary to operate the business that
are not incurred in the provison of products or
services
Over Head Cost Salaries paid to executives, support services
(laundry, cafeteria, business office, medical records
and accounting. Facility Operating cost, such as
maintenance security or utilities.
Variable Cost Correlate directly with the volume or service
provided.
Fixed Cost Stay the same regardless of patient volume
Total Cost Sum of variable and fixed costs
Semi-fixed cost Cost that show the behavior of a variable cost
increase with volume it starts at a level above 0.
(Equipment maintenance that is paid a fix amount
plus additional amount per unit service
