Page |1
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
, 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 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
