If You Decided to Go into the Systems Contracting Business

question 151

Multiple Choice

If you decided to go into the systems contracting business, which of the following categories would constitute your main area of expertise?

• A) computer applications
• B) database management
• C) manufacturing
• D) promotion management
• E) MRO (maintenance, repair, operating) supplies

Know the factors that cause incomplete sterilization and how to prevent them.

Recognize the correct maintenance and operation procedures for an autoclave.

Understand the guidelines for preventing surgical site infections (SSIs) in a medical office.

Understand different inventory valuation methods (FIFO, LIFO, Specific Invoice, Weighted-average).

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Definitions:

Direct Labor Cost

The cost of wages and benefits for employees directly involved in the production of goods or services.

Work in Process Inventory

The value of materials, labor, and overhead costs for products that are partially completed in the manufacturing process.

Overapplied Overhead

A situation in cost accounting where the allocated manufacturing overhead costs are more than the actual overhead costs incurred.

Underapplied Overhead

Occurs when the allocated or applied overhead costs in the production process are less than the actual overhead costs incurred.