Reference Information Important Facts to be used in every scenario: Comprehensive Questions These questions are based on your understanding of concepts and the ability to apply those concepts to CAPNOS Question 16 (1 point) A flavored Cap Pack is included in every CAPNOS E-Z and CAPNOS Zero. Would the cost of a CAP Pack be a product or period cost? Product Period Question 17 (1 point) What type of cost would the Depreciation Expense of the plant used to produce the CAPNOS products be considered? Direct Indirect Question 18 (1 point) There are cases in which the CAPNOS ZERO and CAPNOS E-Z will eventually be packaged. There is nothing inside of these cases (similar to the sheets of metal that have not been bolted to a car). How would the cost of these cases be characterized? Raw Material Finished Good The orange flavoring of a CAP Pack would be considered which of the following? Direct Material Direct Labor Manufacturing Overhead Question 20 (1 point) Would a CAPNOS ZERO product ready for sale, but not yet sold be included in the Cost of Goods Sold calculation? Yes No Question 21 (1 point) Is a constant selling price of CAPNOS products a basic assumption in performing a Break Even Analysis? Yes No Question 22 (1 point) Is the amount available to cover fixed cost and generate profit called Contribution Margin? Yes No Contribution Margin divided by Sales (Contribution Margin/Sales) is the equation for what formula? Question 24 (1 point) What is the name of costs that differ between periods? Relevant Irrelevant Question 25 (1 point) There are three steps to decision making, Execution, Evaluation and what (not necessarily listed in order here)