What is a direct cost? An indirect cost? Can the same cost be direct for one purpose and indirect for another? Give an example.

Describe Estimating Supplier Costs Using Reverse Price Analysis?

Which of the following statements about the financial risk to providers under different reimbursement methods is most correct? Risk is the most under cost-based reimbursement. Risk is the most under capitation O None of these answers is correct. Risk is the most under charge-based reimbursement

What are direct out-of-pocket costs

Which method results in a more realistic amount for income because it matches the most current costs against revenue? a.FIFO b.Weighted average cost c.Specific identification d.LIFO

role of the cost and its impact on profitability?

Determining the transfer price as the price at which the product or service transferred could be sold to outside buyers is known as the Oa. cost price approach Ob. negotiated price approach Oc. market price approach Od. revenue price approach

Explain the concept of a contribution margin and describe how it differs from gross margin. Also, what is the significance of the contribution margin ratio, and how is the ratio useful in planning business operations? Provide examples.

Which of the following statement is correct for relevant costs? a.It is avoidable, future and measured by cash b.It is avoidable, future and measured by profit c.It is unavoidable, future and measured by cash d.It is unavoidable, future and measured by profit