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Exercise 8 - 3 ( Static ) Direct Materials Budget [ LO 8 - 4 ] Three grams of musk oil are required for each
Exercise Static Direct Materials Budget LO Three grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $ per gram. Budgeted quarterly production of Mink Caress is given below for Year and the first quarter of Year : tableYear Year First,Second,Third,Fourth,FirstBudgeted production, in bottles, The inventory of musk oil at the end of a quarter must equal of the following quarter's production needs. A total of grams of musk oil will be on hand to start the first quarter of Year Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year tableMink CaressDirect Materials Budget Year Quarter,YearFirst,Second,Third,FourthUnits of raw materials needed per unit of finished goods,Units of raw materials needed to meet production,Add: Units of beginning raw materials inventory,YTotal units of raw materials neededUnits of raw materials to be purchasedUnit cost of raw materialsCost of raw materials to purchased,,,,,
Exercise Static Direct Materials Budget LO
Three grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $ per gram. Budgeted quarterly production of Mink Caress is given below for Year and the first quarter of Year :
tableYear Year First,Second,Third,Fourth,FirstBudgeted production, in bottles,
The inventory of musk oil at the end of a quarter must equal of the following quarter's production needs. A total of grams of musk oil will be on hand to start the first quarter of Year
Required:
Prepare a direct materials budget for musk oil, by quarter and in total, for Year
tableMink CaressDirect Materials Budget Year Quarter,YearFirst,Second,Third,FourthUnits of raw materials needed per unit of finished goods,Units of raw materials needed to meet production,Add: Units of beginning raw materials inventory,YTotal units of raw materials neededUnits of raw materials to be purchasedUnit cost of raw materialsCost of raw materials to purchased,,,,,
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