5/17/25, 11:20 AM DLM ASCP-2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 100% CORRECT ANSWERS B…
Scheduled maintenance: May 18, 2025 from 07:00 AM to 08:00 AM
DLM ASCP-2025 COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND
100% CORRECT ANSWERS BRAND NEW EXAM
ALREADY GRADED A+!!
Save
Terms in this set (261)
based on expert opinion, stats, historical data, shifts
in patient mix, changes in medical staff composition,
Project Volumes
changes in inflation/reimbursement ratws,
(forecasting stage)
expansion/cutbacks, population fluctuations based
on economy
1. project volumes
2. convert volumes to revenue
Steps to creating a
3. convert volumes into expense requirements
budget
4. Adjust revenue/ expenses as necessary to meet
budget margin
gross revenue Rates x Production Unit (Billable test volume)
salaries/wages, reference service, instrument lease,
Expenses
maintenance contracts, education/travel
convey the financial status of an organization
4 main types - income statement, balance sheet
Financial Statements
statement of changes in equity and statement of
cash flows.
summarizes the operations of an organization with a
income statement focus on its revenues, expenses, and profitability.
contains operational results over a period of time.
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,5/17/25, 11:20 AM DLM ASCP-2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 100% CORRECT ANSWERS B…
noncash charge against earnings on income
statement that reflect the "wear and tear" on a
depreciation
business' fixed assets (property and equipment).
loss of value
amount received when final disposition occurs at
salvage value
end of the asset's useful life.
annual depreciation (initial cost - salvage value)/ useful life
Profit net income -expense
cashflow net income + depreciation
Net income divided by total revenues. It measures
Total Profit Margin the amount of total profit per dollar of total
revenues.
cost not related to the volume of services delivered
fixed costs (ex. facilities cost, lab admin, instrument leases,
maintenance contracts)
directly related to the volume of services delivered
variable cost
(ex. supplies, labor costs)
technique use to analyze the effects of volume
Profit Analysis changes on profit. can also be used to analyze
effects of volume changes on costs.
fixed costs + variable costs
Total Costs
Variable costs = variable cost rate x volume
difference between per unit revenue and per unit
variable cost. gives the amount left to cover the
contribution margin
fixed costs. after fixed costs are covered what's left
contributes to the profit.
Volume needed to produce zero profit. Revenues
cover all accounting costs.
accounting breakeven
Total Revenue (cost x volume) - Total Variable
(variable cost rate x volume) - fixed costs = $0
occurs when all accounting costs plus a profit target
economic breakeven are covered
total revenue - total variable cost- fixed cost = profit
https://quizlet.com/1045020790/dlm-ascp-2025-comprehensive-exam-questions-with-detailed-verified-and-100-correct-answers-brand-new-exa… 2/27
, 5/17/25, 11:20 AM DLM ASCP-2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 100% CORRECT ANSWERS B…
used for reference/send out testing. Determine cost
Surcharge/Cost Plus of doing a procedure then add markup factor to get
appropriate price.
each test performed is assigned a weight based on
weight value basis cost of performing the test in relation to the
procedure.
the number of patients in a hospital on a given day.
patient day factor (average patient day/ daily census for the year) x
365
tests per patient days test volume/ patient days
revenue per test gross revenue/test volume
test-specific costs (Variable)
direct costs examples - supplies, instrumentation, reagents, tech
time
remain constant
indirect cost examples - lab admin, medical records, house
keeping, utilities, etc. (fixed/semi-variable)
unit costs total direct + indirect expenses
covers all stages in the process of employing staff:
1. recruitment and acquisition costs (pre-
employment screen)
Employment cycle 2. training/developmental costs (ongoing)
3. productive/operational periods
4. termination/separation of employee from
institution costs
institutional labor cost evaluation (employment
cycle)
technical evaluation of labor cost - assign labor
costs to production activities that generate
expenses. helps manager identify where efforts are
analyze labor costs
being expended and productivity
accounting and budgeting labor analysis - helps
monitor staffing levels, productivity and
management performance against budget
objectives
https://quizlet.com/1045020790/dlm-ascp-2025-comprehensive-exam-questions-with-detailed-verified-and-100-correct-answers-brand-new-exa… 3/27
Scheduled maintenance: May 18, 2025 from 07:00 AM to 08:00 AM
DLM ASCP-2025 COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND
100% CORRECT ANSWERS BRAND NEW EXAM
ALREADY GRADED A+!!
Save
Terms in this set (261)
based on expert opinion, stats, historical data, shifts
in patient mix, changes in medical staff composition,
Project Volumes
changes in inflation/reimbursement ratws,
(forecasting stage)
expansion/cutbacks, population fluctuations based
on economy
1. project volumes
2. convert volumes to revenue
Steps to creating a
3. convert volumes into expense requirements
budget
4. Adjust revenue/ expenses as necessary to meet
budget margin
gross revenue Rates x Production Unit (Billable test volume)
salaries/wages, reference service, instrument lease,
Expenses
maintenance contracts, education/travel
convey the financial status of an organization
4 main types - income statement, balance sheet
Financial Statements
statement of changes in equity and statement of
cash flows.
summarizes the operations of an organization with a
income statement focus on its revenues, expenses, and profitability.
contains operational results over a period of time.
https://quizlet.com/1045020790/dlm-ascp-2025-comprehensive-exam-questions-with-detailed-verified-and-100-correct-answers-brand-new-exa… 1/27
,5/17/25, 11:20 AM DLM ASCP-2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 100% CORRECT ANSWERS B…
noncash charge against earnings on income
statement that reflect the "wear and tear" on a
depreciation
business' fixed assets (property and equipment).
loss of value
amount received when final disposition occurs at
salvage value
end of the asset's useful life.
annual depreciation (initial cost - salvage value)/ useful life
Profit net income -expense
cashflow net income + depreciation
Net income divided by total revenues. It measures
Total Profit Margin the amount of total profit per dollar of total
revenues.
cost not related to the volume of services delivered
fixed costs (ex. facilities cost, lab admin, instrument leases,
maintenance contracts)
directly related to the volume of services delivered
variable cost
(ex. supplies, labor costs)
technique use to analyze the effects of volume
Profit Analysis changes on profit. can also be used to analyze
effects of volume changes on costs.
fixed costs + variable costs
Total Costs
Variable costs = variable cost rate x volume
difference between per unit revenue and per unit
variable cost. gives the amount left to cover the
contribution margin
fixed costs. after fixed costs are covered what's left
contributes to the profit.
Volume needed to produce zero profit. Revenues
cover all accounting costs.
accounting breakeven
Total Revenue (cost x volume) - Total Variable
(variable cost rate x volume) - fixed costs = $0
occurs when all accounting costs plus a profit target
economic breakeven are covered
total revenue - total variable cost- fixed cost = profit
https://quizlet.com/1045020790/dlm-ascp-2025-comprehensive-exam-questions-with-detailed-verified-and-100-correct-answers-brand-new-exa… 2/27
, 5/17/25, 11:20 AM DLM ASCP-2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 100% CORRECT ANSWERS B…
used for reference/send out testing. Determine cost
Surcharge/Cost Plus of doing a procedure then add markup factor to get
appropriate price.
each test performed is assigned a weight based on
weight value basis cost of performing the test in relation to the
procedure.
the number of patients in a hospital on a given day.
patient day factor (average patient day/ daily census for the year) x
365
tests per patient days test volume/ patient days
revenue per test gross revenue/test volume
test-specific costs (Variable)
direct costs examples - supplies, instrumentation, reagents, tech
time
remain constant
indirect cost examples - lab admin, medical records, house
keeping, utilities, etc. (fixed/semi-variable)
unit costs total direct + indirect expenses
covers all stages in the process of employing staff:
1. recruitment and acquisition costs (pre-
employment screen)
Employment cycle 2. training/developmental costs (ongoing)
3. productive/operational periods
4. termination/separation of employee from
institution costs
institutional labor cost evaluation (employment
cycle)
technical evaluation of labor cost - assign labor
costs to production activities that generate
expenses. helps manager identify where efforts are
analyze labor costs
being expended and productivity
accounting and budgeting labor analysis - helps
monitor staffing levels, productivity and
management performance against budget
objectives
https://quizlet.com/1045020790/dlm-ascp-2025-comprehensive-exam-questions-with-detailed-verified-and-100-correct-answers-brand-new-exa… 3/27
