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Two grams of musk oil are required for each bottle of Mink Caress,...

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Accounting

Two 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:
\table[[,Year 2,Year 3],[,First,Second,Third,Fourth,First],[Budgeted production, in bottles,76,000,106,000,166,000,116,000,86,000]]
The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 30,400 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.
\table[[Mink Caress,,,],[Required production in units of finished goods,,,,],[Units of raw materials needed per unit of finished goods,,,,],[Units of raw materials needed to meet production,,,,],[,,,,],[Total units of raw materials needed,,,,],[,,,,],[Units of raw materials to be purchased,,,,],[Unit cost of raw materials,,,,],[Cost of raw materials to purchased,,,,]]
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