actg 3

Two grams of musk oil 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 oll is $180 pergram. 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 32,000 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 quatter and in total, for Year 2