HFMA'S CSAF ACTUAL Testbank Questions and Answers | 2026 Ultimate Script | A+ Verified

HFMA'S CSAF ACTUAL Testbank
Questions and Answers | 2026
Ultimate Script | A+ Verified
• Contribution margin is:
A. The difference between marginal revenue and the break-even point.
B. The difference between marginal revenue and marginal cost.
C. Where marginal revenue equals marginal cost.
D.the point where fixed cost produces a profit. -✓✓B. The difference between
marginal revenue and marginal cost.


• Activity-based costing is -✓✓A. Another term for the proportional allocation
method
**B. A method of determining product costs using cost drivers or activity
measures that cause indirect costs to be incurred
C. Less expensive to determine due to the necessary data collection
D. Generally considered a less accurate costing method


• The break-even point is the level of sales volume of a product producing the
exact amount of _____________.
A. Contribution margin needed to cover fixed costs
B. Incremental cost needed to cover fixed costs
C. Contribution margin needed to cover incremental costs
D. Contribution margin needed to cover all costs -✓✓A. Contribution margin
needed to cover fixed costs


• Overhead is a common term for

,A. Direct Costs
B. Variable Costs
C. Fixed Costs
D. Indirect Costs -✓✓D. Indirect Costs


• Arrived at by a group or association of organizations with similar characteristics
(for example, a published relative value scale).
A. Predetermined
B. Negotiated
C. Customized standards -✓✓A. Predetermined


• Based on the historical data of the specific institution for which the budget is
intended -✓✓A. Predetermined
**B. Negotiated
C. Customized standards


• Based on detailed time or activity studies within a specific department of a
specific institution.
A. Predetermined
B. Negotiated
C. Customized standards -✓✓C. Customized standards


• Which type of cost behavior varies more or less in direct proportion to volume? -
✓✓**A. Variable cost
B. Fixed cost

,C. Semi-variable cost
D. Semi-fixed cost


• The wage variance is determined by: -✓✓A. The "difference in the actual and
budgeted paid hours" times the "budgeted wage rate."
B. The "budgeted units of service" times the "budgeted labor hours per unit of
service" times the "actual average wage rate per hour."
C. The variance in the "labor hours per unit of service" times the "actual units of
service" times the "budgeted average wage rate."
**D. The "difference in the budgeted and actual average wage per hour" times the
"actual paid hours."


• The hospital staffing for a regular acute unit is an example of -✓✓**A. Semi-
fixed or stepped variable cost
B. Variable cost
C. Fixed cost
D. A fixed cost pattern


• Which of the following is NOT a type of expense variance?
A. Price Variance
B. Volume Variance
C. Efficiency Variance
D. Stepped Variance -✓✓D. Stepped Variable


• When a hospital's actual patient census is greater than budgeted, the management
views this as favorable. Generally, the effect on the actual expenses being less than
the budgeted amounts is: -✓✓**A. Also favorable

, B. Unfavorable
C. Mostly favorable
D. A positive volume variance


• Which of the following is not one of the current trends moving away from the fee
for service delivery payment system: -✓✓A. MIPS
B. Comprehensive Care for Joint Replacement (CJR)
C. Accountable Care Organizations (ACO)
**D. Resource Based Relative Value System (RBRVS)


• Which type of payment method is intended to cover all inpatient services utilized
for each procedure (e.g., joint replacement) while the beneficiary is in the hospital?
-✓✓A. Fee-for-service
B. Per diem rate
**C. Case rate
D. Capitation


• Which one of the following options is a managed care product that is easy to
evaluate? -✓✓A. Capitation
B. Fee schedule
C. Case rate
**D. Fee-for-service


• Healthcare providers should develop different modeling tools depending on
____________. -✓✓**A. The reimbursement method proposed in the contract.
B. Whether it will result in additional business.
C. Cost estimates for each scheduled rate