Page |1 | |
DLM (ASCP) EXAM 2025-2026 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
|
, Page |2 | |
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
| | | | | | | |
, Page |3 | |
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.
| | | | | | | | | |
, Page |4 | |
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
| | | | | | | | | | |
DLM (ASCP) EXAM 2025-2026 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
|
, Page |2 | |
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
| | | | | | | |
, Page |3 | |
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.
| | | | | | | | | |
, Page |4 | |
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
| | | | | | | | | | |
