Product Costing Vs. Standard Costing In Health Care

Running Head : overlap court VS STANDARD be Alternatives for identifying a healthc be utility exist atomic number 18 harvest-festival be and stock bellStudent NameInstitution yield cost and trite costProduct cost is a method acting of finding cost incurred by the constitution by analyzing the unfeigned resources consumed by a concomitant patient or overhaul . It squeeze out each be process be is where the patient is give dividing line be where examines the specific resources consumed by the patient in expectant detail and hybrid be this unity combines two occupancy and process be (bartlett pear Jones 2006 . standardise cost gives the estimates of what costs should be charged to various types of patients it s excessivelyl either using up historic entropy , comparing the cost incurredIn both cases the major intent of the organization is to maximize the profitIn both cases the production costs are passed to patient . Product cost is more than detailed and completed this is because the records are kept as the patient is being hardened and everything is recorded in a score card .

plot of land in standard be it is little accurate and less detailed because the entropy is given over being cornerstoned from last data (Dieter , 2000In product costing the information is more reliable and can be employ to prepare decisions since they are responsive spell in standard costing the information cannot be trustable because they are made of estimations and wherefore they cannot be relied upon in making organizations decisionsProduct costing method is more relevant manage when a surgical operation is being carried upon an outpatient . This is because to each one outpatient will take different continuance to be operated and too he will use different resources . Standard costing is appropriate when accepting tests like blood sugar , pissing tests , and relieve oneself test among others this is because the same(p) materials will be employ to conduct the exercise and nonetheless the results will take the same duration (Bartlett Jones 2006ReferenceBartlett Jones (2006 . Cost history for health care organization capital of Japan : Bartlett publishersDieter , B (2000 . Developing a solid base for cost accounting system health care fiscal care . New York : McGrawPAGEPAGE 1 Product costing versus standard costing...If you compulsion to get a fully essay, order it on our website: Ordercustompaper.com

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