HEALTHCARE DELIVERY SYSTEMS
ASSESSMENT QUESTIONS STUDY GUIDE
◉ INVENTORY FLOW
Answer: BEGINNING UNITS
+ UNITS ADDED/PURCHASED
- ENDING NITS
= UNITS COMPLETED
◉ CVP EQUATION
Answer: Sales Revenue - Variable Costs - Fixed Costs = Profit
◉ CONTRIBUTION MARGIN PER UNIT
Answer: SELLING PRICE PER UNIT - VARIABLE COST PER UNIT
◉ CONTRIBUTION MARGIN INCOME STATEMENT
Answer: SALES REVENUE
- VARIABLE COSTS
= CONTRIBUTION MARGIN
- FIXED COSTS