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Hsm 260 Cost Per Output

In: Business and Management

Submitted By VelvetWilliams
Words 259
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Write a 200- to 300-word response to the following: Why are cost per output and cost per outcome calculations valuable to a human service agency? What might happen if a human service agency did not determine the cost per output and cost per outcome? Determining the cost per outcome and the cost per output is the final step in cost analysis. According to Financial Management for Human Service Administrators by Lawrence L. Martin, to compute cost per output (per unit), the total cost of the program is placed as a numerator and the total outputs to be provided for the fiscal year is placed as the denominator. Once the division is done the result would be the cost per output. The cost per outcome Is all the programs total costs as the numerator and the total outcomes to be achieved are placed as the denominators, and then the division that is done is the cost per outcome. Human service agencies need to determine the cost per output and the cost per outcome to successfully run the business. The cost per outcome and the cost per output is also important to human service agency’s financial allocations. It helps the organization to know exactly what money needs to go to which program and what it would cost to run and back each program. This type of information becomes even more important when the organization is trying to get funds to come into their programs. This could also help the organization cut down on fraudulent behavior financially within the

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