3 Exercise 8-3 (Algo) Direct Materials Budget (L08-4) 4.44 Doints 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 $210 per gram Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3. Skie Vear > First 94,000 co First Second Third Fourth Budgeted production, in bottles 34,000 114,000 174,000 124,000 The inventory of muskoll 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 out by quarter and in total, for Year 2 Hint a Print Mink Caress Direct Materials Budget Year 2 Quarter First Second Year References Third Fourth 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