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Cost accounting for the radiologist.

Published Web Location

http://www.ajronline.org/doi/pdf/10.2214/AJR.13.11549
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Abstract

Objective

Cost accounting is the branch of managerial accounting that deals with the analysis of the costs of a product or service. This article reviews methods of classifying and allocating costs and relationships among costs, volume, and revenues.

Conclusion

Radiology practices need to know the cost of a procedure or service to determine the selling price of a product, bid on contracts, analyze profitability, and facilitate cost control and cost reduction.

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