1.5 6 points Itranscript 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 $2.10 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: eBook Hint Budgeted production, in bottles Year 2 First 84,000 Second 114,000 Third 174,000 Fourth 124,000 Year 3 First 94,000 The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 33,600 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. Print 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 Mink Caress Direct Materials Budget - Year 2 Quarter Year First Second Third Fourth 00 8 2 points Itranscript Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: Total cash receipts 1st Quarter 2nd Quarter $ 230,000 3rd Quarter 4th Quarter $ 380,000 Total cash disbursements $ 295,000 $ 260,000 $ 265,000 $ 255,000 $ 280,000 $ 275,000 eBook Hint Print The company's beginning cash balance for the upcoming fiscal year will be $30,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded. Required: Prepare the company's cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.) Garden Depot Beginning cash balance Total cash receipts Total cash available Total cash disbursements Cash Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 0 0 0 0 Excess (deficiency) of cash available over disbursements 0 0 Financing: Borrowings Repayments Interest Total financing Ending cash balance 0 0 0 0 0 0 $ 0 $ 0 0