Three grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $ per gram. Budgeted quarterly production of Mink Caress is given below for Year and the first quarter of Year :
tableYear Year Budgeted production, in bottles,First,Second,Third,Fourth,First,
The inventory of musk oil at the end of a quarter must equal of the following quarter's production needs. A total of grams of musk oil will be on hand to start the first quarter of Year
Required:
Prepare a direct materials budget for musk oil, by quarter and in total, for Year
tableMink Caress,,,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,,,,
