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Exercise 7-3 Direct Materials Budget [LO7-4] Two grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by

Exercise 7-3 Direct Materials Budget [LO7-4]

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 $2.20 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3:

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