The Review of Medical Procedures to Ensure That They Are

question 46

Multiple Choice

The review of medical procedures to ensure that they are effective both for medical purposes and for overall cost reduction.

• A)Medical utilization
• B)Cost-benefit analysis
• C)Customer review
• D)Peer review

---

Definitions:

Cost Per Equivalent Unit

A calculation used in process costing that represents the cost of a completed unit, taking into account both completed and partially completed units.

Conversion Costs

The combined costs of labor and overhead that are required to transform raw materials into finished products.

Cost Per Equivalent Unit

Calculation of the cost to produce a single unit, taking into account units that are partially completed; particularly useful in process costing systems.

Processing Department

A unit or stage within a manufacturing operation where a particular process or set of processes is performed, transforming raw materials into finished products.