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DLM (ASCP) Exam 2025 | Actual
Questions With 100% Verified
Answers | Certified Exam Concepts
Project Volumes (forecasting stage) - Correct-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 - Correct-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 - Correct-answer-Rates x Production Unit (Billable test volume)
Expenses - Correct-answer-salaries/wages, reference service, instrument lease,
maintenance contracts, education/travel
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Financial Statements - Correct-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 - Correct-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 - Correct-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 - Correct-answer-amount received when final disposition occurs at
end of the asset's useful life.
annual depreciation - Correct-answer-(initial cost - salvage value)/ useful life
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Profit - Correct-answer-net income -expense
cashflow - Correct-answer-net income + depreciation
Total Profit Margin - Correct-answer-Net income divided by total revenues. It
measures the amount of total profit per dollar of total revenues.
fixed costs - Correct-answer-cost not related to the volume of services delivered
(ex. facilities cost, lab admin, instrument leases, maintenance contracts)
variable cost - Correct-answer-directly related to the volume of services delivered
(ex. supplies, labor costs)
Profit Analysis - Correct-answer-technique use to analyze the effects of volume
changes on profit. can also be used to analyze effects of volume changes on costs.
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Total Costs - Correct-answer-fixed costs + variable costs
Variable costs = variable cost rate x volume
contribution margin - Correct-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 - Correct-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 - Correct-answer-occurs when all accounting costs plus a
profit target are covered
total revenue - total variable cost- fixed cost = profit
Surcharge/Cost Plus - Correct-answer-used for reference/send out testing.
Determine cost of doing a procedure then add markup factor to get appropriate
price.
DLM (ASCP) Exam 2025 | Actual
Questions With 100% Verified
Answers | Certified Exam Concepts
Project Volumes (forecasting stage) - Correct-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 - Correct-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 - Correct-answer-Rates x Production Unit (Billable test volume)
Expenses - Correct-answer-salaries/wages, reference service, instrument lease,
maintenance contracts, education/travel
,2|Page
Financial Statements - Correct-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 - Correct-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 - Correct-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 - Correct-answer-amount received when final disposition occurs at
end of the asset's useful life.
annual depreciation - Correct-answer-(initial cost - salvage value)/ useful life
,3|Page
Profit - Correct-answer-net income -expense
cashflow - Correct-answer-net income + depreciation
Total Profit Margin - Correct-answer-Net income divided by total revenues. It
measures the amount of total profit per dollar of total revenues.
fixed costs - Correct-answer-cost not related to the volume of services delivered
(ex. facilities cost, lab admin, instrument leases, maintenance contracts)
variable cost - Correct-answer-directly related to the volume of services delivered
(ex. supplies, labor costs)
Profit Analysis - Correct-answer-technique use to analyze the effects of volume
changes on profit. can also be used to analyze effects of volume changes on costs.
, 4|Page
Total Costs - Correct-answer-fixed costs + variable costs
Variable costs = variable cost rate x volume
contribution margin - Correct-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 - Correct-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 - Correct-answer-occurs when all accounting costs plus a
profit target are covered
total revenue - total variable cost- fixed cost = profit
Surcharge/Cost Plus - Correct-answer-used for reference/send out testing.
Determine cost of doing a procedure then add markup factor to get appropriate
price.
