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Ch 6: Estimating Healthcare Costs

About This Chapter

Build your confidence ahead of a test or project by reviewing the video lessons on estimating healthcare costs included in this chapter. We've made this resource accessible 24/7 on any mobile device or computer so you can study easily at your own convenience and pace.

Estimating Healthcare Costs - Chapter Summary

In this chapter, you'll find video lessons on estimating healthcare costs that make these topics easy to understand. Just a few of the subjects covered here include the formula for operating expenses, variable costing and examples of indirect costs. Our videos are easy to navigate and generally less than ten minutes in length. If you have questions as you watch the videos, take the short quiz included with each lesson or contact an expert through the Dashboard. After you complete this chapter, you should be able to:

  • Define operating costs with examples
  • Outline the formula associated with fixed costs
  • Identify the method and advantages of variable costing
  • Provide a definition and example of direct cost
  • Give examples of indirect costs
  • Explain the terms of cost allocation
  • Understand how to calculate depreciation expense

7 Lessons in Chapter 6: Estimating Healthcare Costs
Test your knowledge with a 30-question chapter practice test
Operating Expenses: Definition, Formula & Examples

1. Operating Expenses: Definition, Formula & Examples

This lesson introduces the concept of operating expenses. It explains what operating expenses are and how they are calculated. Examples of operating expenses are included.

Fixed Costs: Definition, Formula & Examples

2. Fixed Costs: Definition, Formula & Examples

Understanding an organization's cost structure is essential for management to make appropriate investments. In this lesson, you'll learn the definition of fixed costs and why understanding fixed costs is an important part of financial management.

Variable Costing: Method, Formula & Advantages

3. Variable Costing: Method, Formula & Advantages

This lesson discusses variable costing. It explains how variable costs are determined, how they are calculated, and advantages of variable costing. Examples of variable costing are also provided.

Direct Cost: Definition, Formula & Examples

4. Direct Cost: Definition, Formula & Examples

This lesson explains direct costs. Included in the lesson is how they are calculated. You'll also have the chance to examine examples of direct costs.

What Are Indirect Costs? - Definition & Examples

5. What Are Indirect Costs? - Definition & Examples

This lesson explains what indirect costs are and how they affect a business. Examples of indirect costs and how they can vary in different businesses are given.

Cost Allocation: Definition, Terms & Examples

6. Cost Allocation: Definition, Terms & Examples

Have you ever wondered how a business determines costs? In this lesson we will learn about cost allocation. We will define the term and apply it to some examples. The lesson will conclude with a summary of key concepts.

How to Calculate Depreciation Expense: Definition & Formula

7. How to Calculate Depreciation Expense: Definition & Formula

As property wears out, it loses some of its value, which is called depreciation. In this lesson, we will learn three of the most common methods of calculating depreciation expense, including the straight-line method.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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