DLM (ASCP) ExAM 2026 WITH CORRECT ACTUAL QUESTIONS
AND CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY
GRADED A+
Project Volumes (forecasting stage) - ANSWER-based on expert opinion, stats, historical
data, shifts in patient mix, changes in medical staff composition, changes in
inflation/reimbursement ratws, expansion/cutbacks, population fluctuations based on
economy
Steps to creating a budget - ANSWER-1. project volumes
2. convert volumes to revenue
3. convert volumes into expense requirements
4. Adjust revenue/ expenses as necessary to meet budget margin
gross revenue - ANSWER-Rates x Production Unit (Billable test volume)
Expenses - ANSWER-salaries/wages, reference service, instrument lease, maintenance
contracts, education/travel
Financial Statements - ANSWER-convey the financial status of an organization
4 main types - income statement, balance sheet statement of changes in equity and
statement of cash flows.
income statement - ANSWER-summarizes the operations of an organization with a focus
on its revenues, expenses, and profitability. contains operational results over a period of
time.
depreciation - ANSWER-noncash charge against earnings on income statement that
reflect the "wear and tear" on a business' fixed assets (property and equipment). loss of
value
,salvage value - ANSWER-amount received when final disposition occurs at end of the
asset's useful life.
annual depreciation - ANSWER-(initial cost - salvage value)/ useful life
Profit - ANSWER-net income -expense
cashflow - ANSWER-net income + depreciation
Total Profit Margin - ANSWER-Net income divided by total revenues. It measures the
amount of total profit per dollar of total revenues.
fixed costs - ANSWER-cost not related to the volume of services delivered (ex. facilities
cost, lab admin, instrument leases, maintenance contracts)
variable cost - ANSWER-directly related to the volume of services delivered (ex. supplies,
labor costs)
Profit Analysis - ANSWER-technique use to analyze the effects of volume changes on
profit. can also be used to analyze effects of volume changes on costs.
Total Costs - ANSWER-fixed costs + variable costs
Variable costs = variable cost rate x volume
contribution margin - ANSWER-difference between per unit revenue and per unit variable
cost. gives the amount left to cover the fixed costs. after fixed costs are covered what's
left contributes to the profit.
accounting breakeven - ANSWER-Volume needed to produce zero profit. Revenues cover
all accounting costs.
, Total Revenue (cost x volume) - Total Variable (variable cost rate x volume) - fixed costs =
$0
economic breakeven - ANSWER-occurs when all accounting costs plus a profit target are
covered
total revenue - total variable cost- fixed cost = profit
Surcharge/Cost Plus - ANSWER-used for reference/send out testing. Determine cost of
doing a procedure then add markup factor to get appropriate price.
weight value basis - ANSWER-each test performed is assigned a weight based on cost of
performing the test in relation to the procedure.
patient day factor - ANSWER-the number of patients in a hospital on a given day.
(average patient day/ daily census for the year) x 365
tests per patient days - ANSWER-test volume/ patient days
revenue per test - ANSWER-gross revenue/test volume
direct costs - ANSWER-test-specific costs (Variable)
examples - supplies, instrumentation, reagents, tech time
indirect cost - ANSWER-remain constant
examples - lab admin, medical records, house keeping, utilities, etc. (fixed/semi-variable)
unit costs - ANSWER-total direct + indirect expenses
Employment cycle - ANSWER-covers all stages in the process of employing staff:
1. recruitment and acquisition costs (pre-employment screen)
AND CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY
GRADED A+
Project Volumes (forecasting stage) - ANSWER-based on expert opinion, stats, historical
data, shifts in patient mix, changes in medical staff composition, changes in
inflation/reimbursement ratws, expansion/cutbacks, population fluctuations based on
economy
Steps to creating a budget - ANSWER-1. project volumes
2. convert volumes to revenue
3. convert volumes into expense requirements
4. Adjust revenue/ expenses as necessary to meet budget margin
gross revenue - ANSWER-Rates x Production Unit (Billable test volume)
Expenses - ANSWER-salaries/wages, reference service, instrument lease, maintenance
contracts, education/travel
Financial Statements - ANSWER-convey the financial status of an organization
4 main types - income statement, balance sheet statement of changes in equity and
statement of cash flows.
income statement - ANSWER-summarizes the operations of an organization with a focus
on its revenues, expenses, and profitability. contains operational results over a period of
time.
depreciation - ANSWER-noncash charge against earnings on income statement that
reflect the "wear and tear" on a business' fixed assets (property and equipment). loss of
value
,salvage value - ANSWER-amount received when final disposition occurs at end of the
asset's useful life.
annual depreciation - ANSWER-(initial cost - salvage value)/ useful life
Profit - ANSWER-net income -expense
cashflow - ANSWER-net income + depreciation
Total Profit Margin - ANSWER-Net income divided by total revenues. It measures the
amount of total profit per dollar of total revenues.
fixed costs - ANSWER-cost not related to the volume of services delivered (ex. facilities
cost, lab admin, instrument leases, maintenance contracts)
variable cost - ANSWER-directly related to the volume of services delivered (ex. supplies,
labor costs)
Profit Analysis - ANSWER-technique use to analyze the effects of volume changes on
profit. can also be used to analyze effects of volume changes on costs.
Total Costs - ANSWER-fixed costs + variable costs
Variable costs = variable cost rate x volume
contribution margin - ANSWER-difference between per unit revenue and per unit variable
cost. gives the amount left to cover the fixed costs. after fixed costs are covered what's
left contributes to the profit.
accounting breakeven - ANSWER-Volume needed to produce zero profit. Revenues cover
all accounting costs.
, Total Revenue (cost x volume) - Total Variable (variable cost rate x volume) - fixed costs =
$0
economic breakeven - ANSWER-occurs when all accounting costs plus a profit target are
covered
total revenue - total variable cost- fixed cost = profit
Surcharge/Cost Plus - ANSWER-used for reference/send out testing. Determine cost of
doing a procedure then add markup factor to get appropriate price.
weight value basis - ANSWER-each test performed is assigned a weight based on cost of
performing the test in relation to the procedure.
patient day factor - ANSWER-the number of patients in a hospital on a given day.
(average patient day/ daily census for the year) x 365
tests per patient days - ANSWER-test volume/ patient days
revenue per test - ANSWER-gross revenue/test volume
direct costs - ANSWER-test-specific costs (Variable)
examples - supplies, instrumentation, reagents, tech time
indirect cost - ANSWER-remain constant
examples - lab admin, medical records, house keeping, utilities, etc. (fixed/semi-variable)
unit costs - ANSWER-total direct + indirect expenses
Employment cycle - ANSWER-covers all stages in the process of employing staff:
1. recruitment and acquisition costs (pre-employment screen)
