DLM (ASCP) EXAM 2025 QUESTIONS AND
ANSWERS.
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
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
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.
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.
weight value basis - correct answer - each test performed is assigned a
weight based on cost of performing the test in relation to the procedure.
patient day factor - correct 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 - correct answer - test volume/ patient days
revenue per test - correct answer - gross revenue/test volume
ANSWERS.
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
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
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.
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.
weight value basis - correct answer - each test performed is assigned a
weight based on cost of performing the test in relation to the procedure.
patient day factor - correct 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 - correct answer - test volume/ patient days
revenue per test - correct answer - gross revenue/test volume
