DLM (ASCP) Practice Exam Questions with Verified
Solutions
ProjectzVolumesz(forecastingzstage)z-zCORRECTzANSWER-
basedzonzexpertzopinion,zstats,zhistoricalzdata,zshiftszinzpatientzmix,zchangeszinzmedicalzstaffzcomposition,
zchangeszinzinflation/reimbursementzratws,zexpansion/cutbacks,zpopulationzfluctuationszbasedzonzecono
my
Stepsztozcreatingzazbudgetz-zCORRECTzANSWER-1.zprojectzvolumes
2.zconvertzvolumesztozrevenue
3.zconvertzvolumeszintozexpensezrequirementsz
4.zAdjustzrevenue/zexpenseszasznecessaryztozmeetzbudgetzmargin
grosszrevenuez-zCORRECTzANSWER-RateszxzProductionzUnitz(Billableztestzvolume)
Expensesz-zCORRECTzANSWER-
salaries/wages,zreferencezservice,zinstrumentzlease,zmaintenancezcontracts,zeducation/travel
FinancialzStatementsz-zCORRECTzANSWER-conveyzthezfinancialzstatuszofzanzorganization
4zmainztypesz-
zincomezstatement,zbalancezsheetzstatementzofzchangeszinzequityzandzstatementzofzcashzflows.
incomezstatementz-zCORRECTzANSWER-
summarizeszthezoperationszofzanzorganizationzwithzazfocuszonzitszrevenues,zexpenses,zandzprofitability.zco
ntainszoperationalzresultszoverzazperiodzofztime.
depreciationz-zCORRECTzANSWER-
noncashzchargezagainstzearningszonzincomezstatementzthatzreflectzthez"wearzandztear"zonzazbusiness'zfixe
dzassetsz(propertyzandzequipment).zlosszofzvalue
salvagezvaluez-zCORRECTzANSWER-
amountzreceivedzwhenzfinalzdispositionzoccurszatzendzofzthezasset'szusefulzlife.
,annualzdepreciationz-zCORRECTzANSWER-(initialzcostz-zsalvagezvalue)/zusefulzlife
Profitz-zCORRECTzANSWER-netzincomez-expense
cashflowz-zCORRECTzANSWER-netzincomez+zdepreciation
TotalzProfitzMarginz-zCORRECTzANSWER-
Netzincomezdividedzbyztotalzrevenues.zItzmeasureszthezamountzofztotalzprofitzperzdollarzofztotalzrevenues.
fixedzcostsz-zCORRECTzANSWER-
costznotzrelatedztozthezvolumezofzserviceszdeliveredz(ex.zfacilitieszcost,zlabzadmin,zinstrumentzleases,zmain
tenancezcontracts)
variablezcostz-zCORRECTzANSWER-
directlyzrelatedztozthezvolumezofzserviceszdeliveredz(ex.zsupplies,zlaborzcosts)
ProfitzAnalysisz-zCORRECTzANSWER-
techniquezuseztozanalyzezthezeffectszofzvolumezchangeszonzprofit.zcanzalsozbezusedztozanalyzezeffectszofzv
olumezchangeszonzcosts.
TotalzCostsz-zCORRECTzANSWER-fixedzcostsz+zvariablezcosts
Variablezcostsz=zvariablezcostzratezxzvolume
contributionzmarginz-zCORRECTzANSWER-
differencezbetweenzperzunitzrevenuezandzperzunitzvariablezcost.zgiveszthezamountzleftztozcoverzthezfixedzc
osts.zafterzfixedzcostszarezcoveredzwhat'szleftzcontributesztozthezprofit.
accountingzbreakevenz-zCORRECTzANSWER-
Volumezneededztozproducezzerozprofit.zRevenueszcoverzallzaccountingzcosts.z
TotalzRevenuez(costzxzvolume)z-zTotalzVariablez(variablezcostzratezxzvolume)z-zfixedzcostsz=z$0
,economiczbreakevenz-zCORRECTzANSWER-
occurszwhenzallzaccountingzcostszpluszazprofitztargetzarezcovered
totalzrevenuez-ztotalzvariablezcost-zfixedzcostz=zprofit
Surcharge/CostzPlusz-zCORRECTzANSWER-
usedzforzreference/sendzoutztesting.zDeterminezcostzofzdoingzazprocedurezthenzaddzmarkupzfactorztozgetz
appropriatezprice.
weightzvaluezbasisz-zCORRECTzANSWER-
eachztestzperformedziszassignedzazweightzbasedzonzcostzofzperformingztheztestzinzrelationztozthezprocedur
e.
patientzdayzfactorz-zCORRECTzANSWER-theznumberzofzpatientszinzazhospitalzonzazgivenzday.z
(averagezpatientzday/zdailyzcensuszforzthezyear)zxz365
testszperzpatientzdaysz-zCORRECTzANSWER-testzvolume/zpatientzdays
revenuezperztestz-zCORRECTzANSWER-grosszrevenue/testzvolume
directzcostsz-zCORRECTzANSWER-test-specificzcostsz(Variable)
examplesz-zsupplies,zinstrumentation,zreagents,ztechztime
indirectzcostz-zCORRECTzANSWER-remainzconstantz
examplesz-zlabzadmin,zmedicalzrecords,zhousezkeeping,zutilities,zetc.z(fixed/semi-variable)
unitzcostsz-zCORRECTzANSWER-totalzdirectz+zindirectzexpenses
Employmentzcyclez-zCORRECTzANSWER-coverszallzstageszinzthezprocesszofzemployingzstaff:z
1.zrecruitmentzandzacquisitionzcostsz(pre-employmentzscreen)
2.ztraining/developmentalzcostsz(ongoing)
, 3.zproductive/operationalzperiods
4.ztermination/separationzofzemployeezfromzinstitutionzcosts
analyzezlaborzcostsz-zCORRECTzANSWER-institutionalzlaborzcostzevaluationz(employmentzcycle)z
technicalzevaluationzofzlaborzcostz-
zassignzlaborzcostsztozproductionzactivitieszthatzgeneratezexpenses.zhelpszmanagerzidentifyzwherezeffortsz
arezbeingzexpendedzandzproductivityz
accountingzandzbudgetingzlaborzanalysisz-
zhelpszmonitorzstaffingzlevels,zproductivityzandzmanagementzperformancezagainstzbudgetzobjectives
preanalyticalztimez-zCORRECTzANSWER-specimenzcollection,zprep,zinstrument
analyticalztimez-zCORRECTzANSWER-performing/resultingztests
postzanalyticalztimez-zCORRECTzANSWER-reportingzandzroutinezmaintenance
totalzhoursz-zCORRECTzANSWER-productivezhoursz+znonproductivezhours
productivezhoursz-zCORRECTzANSWER-actualzworkedzhourszincludeszovertimezandztraining
nonproductivezhoursz-zCORRECTzANSWER-
compensatedzbutznotzworked.zsickzleave,zvacation,zbereavement,zetc.
Full-timezequivalentz(FTE)z-zCORRECTzANSWER-Anzemployeezwhozworkszfull-
time,z40zhourszperzweek,z2080zhourszperzyearz(totalznumberzofzhourszpaid/z2080)z
171zorz177zhoursz-zperzmonth
ProductivityzMeasurementz-zCORRECTzANSWER-workloadzunitz(WLU)/zlaborzunits
Solutions
ProjectzVolumesz(forecastingzstage)z-zCORRECTzANSWER-
basedzonzexpertzopinion,zstats,zhistoricalzdata,zshiftszinzpatientzmix,zchangeszinzmedicalzstaffzcomposition,
zchangeszinzinflation/reimbursementzratws,zexpansion/cutbacks,zpopulationzfluctuationszbasedzonzecono
my
Stepsztozcreatingzazbudgetz-zCORRECTzANSWER-1.zprojectzvolumes
2.zconvertzvolumesztozrevenue
3.zconvertzvolumeszintozexpensezrequirementsz
4.zAdjustzrevenue/zexpenseszasznecessaryztozmeetzbudgetzmargin
grosszrevenuez-zCORRECTzANSWER-RateszxzProductionzUnitz(Billableztestzvolume)
Expensesz-zCORRECTzANSWER-
salaries/wages,zreferencezservice,zinstrumentzlease,zmaintenancezcontracts,zeducation/travel
FinancialzStatementsz-zCORRECTzANSWER-conveyzthezfinancialzstatuszofzanzorganization
4zmainztypesz-
zincomezstatement,zbalancezsheetzstatementzofzchangeszinzequityzandzstatementzofzcashzflows.
incomezstatementz-zCORRECTzANSWER-
summarizeszthezoperationszofzanzorganizationzwithzazfocuszonzitszrevenues,zexpenses,zandzprofitability.zco
ntainszoperationalzresultszoverzazperiodzofztime.
depreciationz-zCORRECTzANSWER-
noncashzchargezagainstzearningszonzincomezstatementzthatzreflectzthez"wearzandztear"zonzazbusiness'zfixe
dzassetsz(propertyzandzequipment).zlosszofzvalue
salvagezvaluez-zCORRECTzANSWER-
amountzreceivedzwhenzfinalzdispositionzoccurszatzendzofzthezasset'szusefulzlife.
,annualzdepreciationz-zCORRECTzANSWER-(initialzcostz-zsalvagezvalue)/zusefulzlife
Profitz-zCORRECTzANSWER-netzincomez-expense
cashflowz-zCORRECTzANSWER-netzincomez+zdepreciation
TotalzProfitzMarginz-zCORRECTzANSWER-
Netzincomezdividedzbyztotalzrevenues.zItzmeasureszthezamountzofztotalzprofitzperzdollarzofztotalzrevenues.
fixedzcostsz-zCORRECTzANSWER-
costznotzrelatedztozthezvolumezofzserviceszdeliveredz(ex.zfacilitieszcost,zlabzadmin,zinstrumentzleases,zmain
tenancezcontracts)
variablezcostz-zCORRECTzANSWER-
directlyzrelatedztozthezvolumezofzserviceszdeliveredz(ex.zsupplies,zlaborzcosts)
ProfitzAnalysisz-zCORRECTzANSWER-
techniquezuseztozanalyzezthezeffectszofzvolumezchangeszonzprofit.zcanzalsozbezusedztozanalyzezeffectszofzv
olumezchangeszonzcosts.
TotalzCostsz-zCORRECTzANSWER-fixedzcostsz+zvariablezcosts
Variablezcostsz=zvariablezcostzratezxzvolume
contributionzmarginz-zCORRECTzANSWER-
differencezbetweenzperzunitzrevenuezandzperzunitzvariablezcost.zgiveszthezamountzleftztozcoverzthezfixedzc
osts.zafterzfixedzcostszarezcoveredzwhat'szleftzcontributesztozthezprofit.
accountingzbreakevenz-zCORRECTzANSWER-
Volumezneededztozproducezzerozprofit.zRevenueszcoverzallzaccountingzcosts.z
TotalzRevenuez(costzxzvolume)z-zTotalzVariablez(variablezcostzratezxzvolume)z-zfixedzcostsz=z$0
,economiczbreakevenz-zCORRECTzANSWER-
occurszwhenzallzaccountingzcostszpluszazprofitztargetzarezcovered
totalzrevenuez-ztotalzvariablezcost-zfixedzcostz=zprofit
Surcharge/CostzPlusz-zCORRECTzANSWER-
usedzforzreference/sendzoutztesting.zDeterminezcostzofzdoingzazprocedurezthenzaddzmarkupzfactorztozgetz
appropriatezprice.
weightzvaluezbasisz-zCORRECTzANSWER-
eachztestzperformedziszassignedzazweightzbasedzonzcostzofzperformingztheztestzinzrelationztozthezprocedur
e.
patientzdayzfactorz-zCORRECTzANSWER-theznumberzofzpatientszinzazhospitalzonzazgivenzday.z
(averagezpatientzday/zdailyzcensuszforzthezyear)zxz365
testszperzpatientzdaysz-zCORRECTzANSWER-testzvolume/zpatientzdays
revenuezperztestz-zCORRECTzANSWER-grosszrevenue/testzvolume
directzcostsz-zCORRECTzANSWER-test-specificzcostsz(Variable)
examplesz-zsupplies,zinstrumentation,zreagents,ztechztime
indirectzcostz-zCORRECTzANSWER-remainzconstantz
examplesz-zlabzadmin,zmedicalzrecords,zhousezkeeping,zutilities,zetc.z(fixed/semi-variable)
unitzcostsz-zCORRECTzANSWER-totalzdirectz+zindirectzexpenses
Employmentzcyclez-zCORRECTzANSWER-coverszallzstageszinzthezprocesszofzemployingzstaff:z
1.zrecruitmentzandzacquisitionzcostsz(pre-employmentzscreen)
2.ztraining/developmentalzcostsz(ongoing)
, 3.zproductive/operationalzperiods
4.ztermination/separationzofzemployeezfromzinstitutionzcosts
analyzezlaborzcostsz-zCORRECTzANSWER-institutionalzlaborzcostzevaluationz(employmentzcycle)z
technicalzevaluationzofzlaborzcostz-
zassignzlaborzcostsztozproductionzactivitieszthatzgeneratezexpenses.zhelpszmanagerzidentifyzwherezeffortsz
arezbeingzexpendedzandzproductivityz
accountingzandzbudgetingzlaborzanalysisz-
zhelpszmonitorzstaffingzlevels,zproductivityzandzmanagementzperformancezagainstzbudgetzobjectives
preanalyticalztimez-zCORRECTzANSWER-specimenzcollection,zprep,zinstrument
analyticalztimez-zCORRECTzANSWER-performing/resultingztests
postzanalyticalztimez-zCORRECTzANSWER-reportingzandzroutinezmaintenance
totalzhoursz-zCORRECTzANSWER-productivezhoursz+znonproductivezhours
productivezhoursz-zCORRECTzANSWER-actualzworkedzhourszincludeszovertimezandztraining
nonproductivezhoursz-zCORRECTzANSWER-
compensatedzbutznotzworked.zsickzleave,zvacation,zbereavement,zetc.
Full-timezequivalentz(FTE)z-zCORRECTzANSWER-Anzemployeezwhozworkszfull-
time,z40zhourszperzweek,z2080zhourszperzyearz(totalznumberzofzhourszpaid/z2080)z
171zorz177zhoursz-zperzmonth
ProductivityzMeasurementz-zCORRECTzANSWER-workloadzunitz(WLU)/zlaborzunits
