1
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DLM (ASCP) Exam Questions and Answers
(100% Correct Answers) Already Graded
A+
Project Volumes (forecasting stage) [ ANS: ] 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
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Steps to creating a budget [ ANS: ] 1. project volumes
2. convert volumes to revenue
3. convert volumes into expense requirements
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4. Adjust revenue/ expenses as necessary to meet budget margin
gross revenue [ ANS: ] Rates x Production Unit (Billable test
volume)
Expenses [ ANS: ] salaries/wages, reference service, instrument
lease, maintenance contracts, education/travel
Financial Statements [ ANS: ] 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 [ ANS: ] summarizes the operations of an
organization with a focus on its revenues, expenses, and
profitability. contains operational results over a period of time.
depreciation [ ANS: ] noncash charge against earnings on
income statement that reflect the "wear and tear" on a business'
fixed assets (property and equipment). loss of value
, 2
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salvage value [ ANS: ] amount received when final disposition
occurs at end of the asset's useful life.
annual depreciation [ ANS: ] (initial cost - salvage value)/ useful
life
Profit [ ANS: ] net income -expense
cashflow [ ANS: ] net income + depreciation
Total Profit Margin [ ANS: ] Net income divided by total revenues.
It measures the amount of total profit per dollar of total revenues.
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fixed costs [ ANS: ] cost not related to the volume of services
delivered (ex. facilities cost, lab admin, instrument leases,
maintenance contracts)
variable cost [ ANS: ] directly related to the volume of services
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delivered (ex. supplies, labor costs)
Profit Analysis [ ANS: ] 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 [ ANS: ] fixed costs + variable costs
Variable costs = variable cost rate x volume
contribution margin [ ANS: ] 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 [ ANS: ] 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
, 3
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economic breakeven [ ANS: ] occurs when all accounting costs
plus a profit target are covered
total revenue - total variable cost- fixed cost = profit
Surcharge/Cost Plus [ ANS: ] used for reference/send out testing.
Determine cost of doing a procedure then add markup factor to
get appropriate price.
weight value basis [ ANS: ] each test performed is assigned a
weight based on cost of performing the test in relation to the
procedure.
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patient day factor [ ANS: ] the number of patients in a hospital on
a given day.
(average patient day/ daily census for the year) x 365
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tests per patient days [ ANS: ] test volume/ patient days
revenue per test [ ANS: ] gross revenue/test volume
direct costs [ ANS: ] test-specific costs (Variable)
examples - supplies, instrumentation, reagents, tech time
indirect cost [ ANS: ] remain constant
examples - lab admin, medical records, house keeping, utilities,
etc. (fixed/semi-variable)
unit costs [ ANS: ] total direct + indirect expenses
Employment cycle [ ANS: ] 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
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4. termination/separation of employee from institution costs
analyze labor costs [ ANS: ] 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 being expended and productivity
accounting and budgeting labor analysis - helps monitor staffing
levels, productivity and management performance against
budget objectives
© 2025 Assignment Expert
preanalytical time [ ANS: ] specimen collection, prep, instrument
analytical time [ ANS: ] performing/resulting tests
post analytical time [ ANS: ] reporting and routine maintenance
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total hours [ ANS: ] productive hours + nonproductive hours
productive hours [ ANS: ] actual worked hours includes overtime
and training
nonproductive hours [ ANS: ] compensated but not worked. sick
leave, vacation, bereavement, etc.
Full-time equivalent (FTE) [ ANS: ] An employee who works full-
time, 40 hours per week, 2080 hours per year (total number of
hours paid/ 2080)
171 or 177 hours - per month
Productivity Measurement [ ANS: ] workload unit (WLU)/ labor
units
time studies [ ANS: ] time required for handling, testing, recording
and reporting, daily and periodic activities, maintenance and
repair, and direct technical supervision.
For Expert help and assignment solutions, +254707240657
DLM (ASCP) Exam Questions and Answers
(100% Correct Answers) Already Graded
A+
Project Volumes (forecasting stage) [ ANS: ] 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
© 2025 Assignment Expert
Steps to creating a budget [ ANS: ] 1. project volumes
2. convert volumes to revenue
3. convert volumes into expense requirements
Guru01 - Stuvia
4. Adjust revenue/ expenses as necessary to meet budget margin
gross revenue [ ANS: ] Rates x Production Unit (Billable test
volume)
Expenses [ ANS: ] salaries/wages, reference service, instrument
lease, maintenance contracts, education/travel
Financial Statements [ ANS: ] 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 [ ANS: ] summarizes the operations of an
organization with a focus on its revenues, expenses, and
profitability. contains operational results over a period of time.
depreciation [ ANS: ] noncash charge against earnings on
income statement that reflect the "wear and tear" on a business'
fixed assets (property and equipment). loss of value
, 2
For Expert help and assignment solutions, +254707240657
salvage value [ ANS: ] amount received when final disposition
occurs at end of the asset's useful life.
annual depreciation [ ANS: ] (initial cost - salvage value)/ useful
life
Profit [ ANS: ] net income -expense
cashflow [ ANS: ] net income + depreciation
Total Profit Margin [ ANS: ] Net income divided by total revenues.
It measures the amount of total profit per dollar of total revenues.
© 2025 Assignment Expert
fixed costs [ ANS: ] cost not related to the volume of services
delivered (ex. facilities cost, lab admin, instrument leases,
maintenance contracts)
variable cost [ ANS: ] directly related to the volume of services
Guru01 - Stuvia
delivered (ex. supplies, labor costs)
Profit Analysis [ ANS: ] 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 [ ANS: ] fixed costs + variable costs
Variable costs = variable cost rate x volume
contribution margin [ ANS: ] 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 [ ANS: ] 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
, 3
For Expert help and assignment solutions, +254707240657
economic breakeven [ ANS: ] occurs when all accounting costs
plus a profit target are covered
total revenue - total variable cost- fixed cost = profit
Surcharge/Cost Plus [ ANS: ] used for reference/send out testing.
Determine cost of doing a procedure then add markup factor to
get appropriate price.
weight value basis [ ANS: ] each test performed is assigned a
weight based on cost of performing the test in relation to the
procedure.
© 2025 Assignment Expert
patient day factor [ ANS: ] the number of patients in a hospital on
a given day.
(average patient day/ daily census for the year) x 365
Guru01 - Stuvia
tests per patient days [ ANS: ] test volume/ patient days
revenue per test [ ANS: ] gross revenue/test volume
direct costs [ ANS: ] test-specific costs (Variable)
examples - supplies, instrumentation, reagents, tech time
indirect cost [ ANS: ] remain constant
examples - lab admin, medical records, house keeping, utilities,
etc. (fixed/semi-variable)
unit costs [ ANS: ] total direct + indirect expenses
Employment cycle [ ANS: ] 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
For Expert help and assignment solutions, +254707240657
4. termination/separation of employee from institution costs
analyze labor costs [ ANS: ] 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 being expended and productivity
accounting and budgeting labor analysis - helps monitor staffing
levels, productivity and management performance against
budget objectives
© 2025 Assignment Expert
preanalytical time [ ANS: ] specimen collection, prep, instrument
analytical time [ ANS: ] performing/resulting tests
post analytical time [ ANS: ] reporting and routine maintenance
Guru01 - Stuvia
total hours [ ANS: ] productive hours + nonproductive hours
productive hours [ ANS: ] actual worked hours includes overtime
and training
nonproductive hours [ ANS: ] compensated but not worked. sick
leave, vacation, bereavement, etc.
Full-time equivalent (FTE) [ ANS: ] An employee who works full-
time, 40 hours per week, 2080 hours per year (total number of
hours paid/ 2080)
171 or 177 hours - per month
Productivity Measurement [ ANS: ] workload unit (WLU)/ labor
units
time studies [ ANS: ] time required for handling, testing, recording
and reporting, daily and periodic activities, maintenance and
repair, and direct technical supervision.
