Volume 2, Issue 3 , Pages 262-270, March 2005
Managerial accounting applications in radiology
We review the core issues in managerial accounting for radiologists. We introduce the topic and then explore its application to diagnostic imaging. We define key terms such as fixed cost, variable cost, marginal cost, and marginal revenue and discuss their role in understanding the operational and financial implications for a radiology facility by using a cost-volume-profit model. Our work places particular emphasis on the role of managerial accounting in understanding service costs, as well as how it assists executive decision making.
Key words: Fixed cost , variable cost , managerial accounting , revenue , service activity costing , management
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PII: S1546-1440(04)00374-6
doi:10.1016/j.jacr.2004.08.020
© 2005 American College of Radiology. Published by Elsevier Inc. All rights reserved.
Volume 2, Issue 3 , Pages 262-270, March 2005
