1
DLM (ASCP) Exam |Latest Questions with Verified
Answers 2025
Project Volumes (forecasting stage) - (answers)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 - (answers)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 - (answers)Rates x Production Unit (Billable test volume)
Expenses - (answers)salaries/wages, reference service, instrument lease,
maintenance contracts, education/travel
Financial Statements - (answers)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 - (answers)summarizes the operations of an organization with
a focus on its revenues, expenses, and profitability. contains operational results
over a period of time.
, 2
depreciation - (answers)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 - (answers)amount received when final disposition occurs at end of
the asset's useful life.
annual depreciation - (answers)(initial cost - salvage value)/ useful life
Profit - (answers)net income -expense
cashflow - (answers)net income + depreciation
Total Profit Margin - (answers)Net income divided by total revenues. It measures
the amount of total profit per dollar of total revenues.
fixed costs - (answers)cost not related to the volume of services delivered (ex.
facilities cost, lab admin, instrument leases, maintenance contracts)
variable cost - (answers)directly related to the volume of services delivered (ex.
supplies, labor costs)
, 3
Profit Analysis - (answers)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 - (answers)fixed costs + variable costs
Variable costs = variable cost rate x volume
contribution margin - (answers)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 - (answers)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 - (answers)occurs when all accounting costs plus a profit
target are covered
total revenue - total variable cost- fixed cost = profit
Surcharge/Cost Plus - (answers)used for reference/send out testing. Determine
cost of doing a procedure then add markup factor to get appropriate price.
weight value basis - (answers)each test performed is assigned a weight based on
cost of performing the test in relation to the procedure.
, 4
patient day factor - (answers)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 - (answers)test volume/ patient days
revenue per test - (answers)gross revenue/test volume
direct costs - (answers)test-specific costs (Variable)
examples - supplies, instrumentation, reagents, tech time
indirect cost - (answers)remain constant
examples - lab admin, medical records, house keeping, utilities, etc. (fixed/semi-
variable)
unit costs - (answers)total direct + indirect expenses
Employment cycle - (answers)covers all stages in the process of employing staff:
1. recruitment and acquisition costs (pre-employment screen)
2. training/developmental costs (ongoing)
3. productive/operational periods
4. termination/separation of employee from institution costs
DLM (ASCP) Exam |Latest Questions with Verified
Answers 2025
Project Volumes (forecasting stage) - (answers)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 - (answers)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 - (answers)Rates x Production Unit (Billable test volume)
Expenses - (answers)salaries/wages, reference service, instrument lease,
maintenance contracts, education/travel
Financial Statements - (answers)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 - (answers)summarizes the operations of an organization with
a focus on its revenues, expenses, and profitability. contains operational results
over a period of time.
, 2
depreciation - (answers)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 - (answers)amount received when final disposition occurs at end of
the asset's useful life.
annual depreciation - (answers)(initial cost - salvage value)/ useful life
Profit - (answers)net income -expense
cashflow - (answers)net income + depreciation
Total Profit Margin - (answers)Net income divided by total revenues. It measures
the amount of total profit per dollar of total revenues.
fixed costs - (answers)cost not related to the volume of services delivered (ex.
facilities cost, lab admin, instrument leases, maintenance contracts)
variable cost - (answers)directly related to the volume of services delivered (ex.
supplies, labor costs)
, 3
Profit Analysis - (answers)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 - (answers)fixed costs + variable costs
Variable costs = variable cost rate x volume
contribution margin - (answers)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 - (answers)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 - (answers)occurs when all accounting costs plus a profit
target are covered
total revenue - total variable cost- fixed cost = profit
Surcharge/Cost Plus - (answers)used for reference/send out testing. Determine
cost of doing a procedure then add markup factor to get appropriate price.
weight value basis - (answers)each test performed is assigned a weight based on
cost of performing the test in relation to the procedure.
, 4
patient day factor - (answers)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 - (answers)test volume/ patient days
revenue per test - (answers)gross revenue/test volume
direct costs - (answers)test-specific costs (Variable)
examples - supplies, instrumentation, reagents, tech time
indirect cost - (answers)remain constant
examples - lab admin, medical records, house keeping, utilities, etc. (fixed/semi-
variable)
unit costs - (answers)total direct + indirect expenses
Employment cycle - (answers)covers all stages in the process of employing staff:
1. recruitment and acquisition costs (pre-employment screen)
2. training/developmental costs (ongoing)
3. productive/operational periods
4. termination/separation of employee from institution costs
