Questions: 1. List the production departments through which CCC's products pass. In other words, which departments work directly on making cars or parts for the cars and thus add direct materials or direct labor to the cars? What are CCC's manufacturing overhead departments? 2. What is the difference between product costs and period costs? List those CCC costs that are considered to be period costs. What are the three broad cost categories that comprise product costs at CCC? What cost categories at CCC can be included in inventory? 3. What are the three types of inventory in CCC's factory? 4. Based on the financial statements in Exhibit 1-1.2, what is CCC's total planned manufacturing costs for the year 2016? 5. Compute the following four ratios for CCC for both 2014, 2015 and 2016: Return on equity Return on sales Inventory turnover Debt-to-equity