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7.1Describe the following methods used to estimate the cost of individual services: a. Cost-to-charge ratio (CCR) method b. Relative value unit (RVU) method c. Activity-based

7.1Describe the following methods used to estimate the cost of individual services:

a. Cost-to-charge ratio (CCR) method

b. Relative value unit (RVU) method

c. Activity-based costing (ARC) method

7.2 What is the time-driven activity-based costing method (TDABC), and how does it differ from the methods listed in question 7.1?

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