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6) As the laboratory director, you are planning to introduce a new laboratory test and want to determine the cost to your institution. Which one of the following sets of costs do you include in your calculation?

Labor costs and material costs. Material costs, labor costs, and indirect costs. Labor costs and indirect costs. Material costs and indirect costs. Variable costs only.

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• The total cost of performing a laboratory test includes labor costs, material costs (e.g., reagents and other supplies), and indirect costs (i.e., overhead).

• It is important to include all costs in the cost accounting of laboratory tests.

• Accurate cost accounting allows accurate pricing of laboratory services.

• Accurate cost accounting also allows the laboratory to make informed decisions regarding whether to perform nonurgent testing in-house or to send these samples to a reference laboratory.

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Clinical Pathology: General Principles, Lab Management

6) As the laboratory director, you are planning to introduce a new laboratory test and want to determine the cost to your institution. Which one of the following sets of costs do you include in your calculation?

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