define the following costing methods and assign a costing method to each function (see the grid below). You should identify one costing method per function and be sure to use all four costing methods. Be sure to support the selection by giving reasons to support the choice in the Why? column.

Example: Project management would use activity-based costing because each project is unique (some projects have longer time frames i.e 4-week project, 8 weeks, or longer) and the total cost depends on the amount of time spent on each project or activity rather than the cost or supplies (the task is managing the project and not completing the project).

Activity-Based Costing

Cost to Charge

Relative Value Unit

Patient Acuity

Function (All are in-house. None are contracted.)	Activity Based Costing	Cost to Charge	Relative Value Unit	Patient Acuity	Why?
Transcription
Prepping documents for scanning at time of discharge
Inpatient Coding
Release of Information