The Purpose of a Central Supply Discrepancy Report Is To

question 3

Multiple Choice

The purpose of a central supply discrepancy report is to:

• A)determine the correct cost of items charged to patients.
• B)find errors that are made by central services technicians in stocking supplies.
• C)recapture items not charged to a patient but missing from the supply closet.
• D)determine the quantities of supplies to be stocked on the unit.

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Definitions:

Inspection Cost

Expenses associated with the activities necessary to ensure that products or services meet the required standards and specifications.

Contribution Format

A format for the income statement that divides variable costs from fixed costs to emphasize the contribution margin.

Fixed Expenses

Costs that do not vary with the level of output or sales, such as rent and salaries.

High-low Method

A technique used in accounting and finance to estimate variable and fixed costs based on the highest and lowest levels of activity.