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

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Accounting

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:
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.
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