Check my w 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 $1.50 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for he first quarter of Year 3: First 74,000 Second 104,000 Third 164,000 Budgeted production, in bottles Tear 3 First 84.000 Tourth 116,000 Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 29,600 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. (Round "Unit cost of raw materials answers to 2 decimal places.) Mink Caress Direct Materials Budget - Year 2 Quarter Third Fourth First 74.000 21 Second 104000 2 164 0001 114.000 Required production in units of finished goods Units of raw materiais needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed 148.000 208 000 328.000 228.000 Less Units of beginning raw materials inventory Prev 1 of 2 Next > you ILA UU. IED, EVERY OR UROLLI BURSL Ve Yua broduction needs. Some 29,600 grams of musk oil will be on hand to start the first quarter of Year 2 Check my wo e Ury Yo Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. (Round "Unit cost of raw materials" answers to 2 decimal places.) Year 84,000 Mink Caress Direct Materials Budget - Year 2 Quarter First Second Required production in units of finished goods 74,000 104,000 Units of raw materials needed per unit of finished goods | 21 21 Units of raw materials needed to meet production 148,000 208,000 Add: Desired units of ending raw materials inventory Total units of raw materials needed Less: Units of beginning raw materials inventory Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Third 164,000 21 328,000 Fourth 114,000 21 228,000