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  3. two grams of fragrance are required for each bottl

Two grams of fragrance are required for each bottle of Floral, a very popular perfume...

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Accounting

Two grams of fragrance are required for each bottle of Floral, a very popular perfume made by a small company in Lowell. The cost of the fragrance is $1.70 per gram. Budgeted production of Floral is given below by quarters for Year 2 and for the first quarter of Year 3:
\table[[,,Year 2,,Year 3],[Budgeted production, in bottles,First,Second Third Fourth,First,]]
The inventory of fragrance at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 31,200 grams of fragrance will be on hand to start the first quarter of Year 2.
Required:
Prepare a direct materials budget for fragrance, by quarter and in total, for Year 2.
\table[[Units of raw materials needed per unit of finished goods],[Units of raw materials needed to meet production],[Unital units of raw materials needed],[Unit cost of raw materials]]
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