3 Exercise 8-3 (Algo) Direct Materials Budget (LO8-4) Three grams of musk oll are required for each bottle of Mink Caress, a very popular perfume made by a small company in westem 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: ook Year 2 Year 3 First Second Third Fourth First Budgeted production, in bottles 90,000 100,000 160,000 110,000 30,000 The inventory of muskot at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 42,000 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct matenals budget for musk oil, by quarter and in total, for Year 2 rences Exercise 8-3 (Algo) Direct Materials Budget (LO8-4) Three grams of musk od are required for each bottle of Mink Caress, a very popular perfume made by a small company in westem Siberia. The cost of the musk5210 per gram Budgeted production of Mink Caress is given below by Quarter for Year 2 and for the first quarter of Year 3 Piret Bulgated production in battles Second 0, 100.000 100,000 110,000 The inventory of musk or at the end of a quarter must be equal to 20% of the following user's production needs some 42.000 grams of musk of Will be on and to start the first quarter of Year 2 Required: Prepare a direct materials budget for muskoll by Quarter and in total, for Year 2 Di Matt Budget Qui First Second The fouril new materiale per un fished gode Urts of tomato Total med Uniowo be purchased Un cod of raw ma Costww.masa purch