2 Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $1.60 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: First Year 2 Second Third 92.000 152,000 Fourth 102,080 Year 3 First 72,000 Budgeted production, in bottles 62.000 0:53.40 Book Musk oil has become so popular as a perfume Ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 37200 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct materials budget for musk oil by quarter and in total, for Year 2 Tences Mink Caress Direct Materials Budget - Year 2 Quarter First Second Third Fourth Year Units of raw materials needed per unit of finished goods Units of raw materials nooded to meet production Total units of raw materials needed Units of raw materials to be purchased 2 Musk oil has become so popular as a perfume Ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 37.200 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. 00:53:12 Mink Caress Direct Materials Budget - Year 2 Quarter First Second 000 Third Year Fourth Hint Print Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production references Total units of raw matenals nodded Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased 2 Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $1.60 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: First Year 2 Second Third 92.000 152,000 Fourth 102,080 Year 3 First 72,000 Budgeted production, in bottles 62.000 0:53.40 Book Musk oil has become so popular as a perfume Ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 37200 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct materials budget for musk oil by quarter and in total, for Year 2 Tences Mink Caress Direct Materials Budget - Year 2 Quarter First Second Third Fourth Year Units of raw materials needed per unit of finished goods Units of raw materials nooded to meet production Total units of raw materials needed Units of raw materials to be purchased 2 Musk oil has become so popular as a perfume Ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 37.200 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. 00:53:12 Mink Caress Direct Materials Budget - Year 2 Quarter First Second 000 Third Year Fourth Hint Print Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production references Total units of raw matenals nodded Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased