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Three grams of musk oil are required for each bottle of Mink Caress, a popular...

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Accounting

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 $1.90 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3:
\table[[,Year 2,Year 3],[Budgeted production, in bottles,First,Second,Third,Fourth,First,],[,68,000,98,000,158,000,108,000,78,000,]]
The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 40,800 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,,,],[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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