HCPCS Level II Codes Are Updated Annually by The

question 78

Multiple Choice

HCPCS Level II codes are updated annually by the:

• A) Centers for Medicare and Medicaid Services (CMS).
• B) American Dental Association (ADA).
• C) American Medical Association (AMA).
• D) World Health Organization (WHO).

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Definitions:

Cost of Goods Manufactured

The cumulative expense of manufacturing finished goods within a designated timeframe, encompassing costs for labor, materials, and overhead.

Source Document

A piece of evidence, such as an invoice or receipt, that records a financial transaction.

Manufacturing Overhead-Applied

Indirect costs related to manufacturing that are assigned to products based on a predetermined rate.

Overhead Applied Rate

A rate calculated to allocate indirect costs to cost objects based on a predetermined formula.