{"id":57381,"date":"2024-04-16T01:01:02","date_gmt":"2024-04-16T01:01:02","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=57381"},"modified":"2024-04-16T01:01:02","modified_gmt":"2024-04-16T01:01:02","slug":"which-method-of-costing-is-used-in-hospitals","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-method-of-costing-is-used-in-hospitals\/","title":{"rendered":"Which method of costing is used in hospitals?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Operational cost determination&#8221; option2=&#8221;Unit cost determination&#8221; option3=&#8221;Sub work cost determination&#8221; option4=&#8221;Group cost determination&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>A. Operational cost determination<\/strong><\/p>\n<p>Operational cost determination is a method of costing that is used in hospitals to determine the cost of providing care to patients. This method takes into account the costs of all the resources that are used in providing care, including the costs of labor, supplies, and equipment.<\/p>\n<p>Unit cost determination is a method of costing that is used to determine the cost of a single unit of output, such as a patient day or a surgical procedure. This method is often used to compare the costs of different hospitals or to track the costs of care over time.<\/p>\n<p>Sub work cost determination is a method of costing that is used to determine the cost of a specific task or activity within a hospital, such as the cost of administering a medication or the cost of performing a surgery. This method is often used to identify areas where costs can be reduced.<\/p>\n<p>Group cost determination is a method of costing that is used to determine the cost of a group of patients or activities. This method is often used to compare the costs of different groups of patients or to track the costs of care over time.<\/p>\n<p>In conclusion, operational cost determination is the most appropriate method of costing for hospitals because it takes into account all of the costs that are associated with providing care.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Operational cost determination&#8221; option2=&#8221;Unit cost determination&#8221; option3=&#8221;Sub work cost determination&#8221; option4=&#8221;Group cost determination&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-57381","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which method of costing is used in hospitals?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-method-of-costing-is-used-in-hospitals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which method of costing is used in hospitals?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Operational cost determination&#8221; 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