Cost-Per-Play Function Help

Hello developers!

I would like further elaboration on the new ads manager system and how the cost-per-play mechanic functions.

I am planning on running a campaign between April 5th to April 7th. I have a $15 budget per day and I set the cost-per-play to $0.05. I am interested in understanding how the cost-per-play fits into the budget. If I reach 300 plays will my $15 budget be used up? I couldn’t find any additional information on this and would like a more detailed explanation of the function of this system.

I’ve read the ads manager documentation and could not find an answer.

Thank you,

nibbys