Exercise 8-3 (Algo) Direct Materials Budget (L08.4) Four 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 $1.60 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: Year 2 Year 3 First Second Third Fourth First Budgeted production, in bottles 90,000 129, eee 180,000 130, eee 100,eee The Inventory of musk oil at the end of a quarter must be equarto 20% of the following quarter's production needs. Some 72,000 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 quarter and in total, for Year 2. Mink Caress Direct Materials Budget - Year 2 First Quarter Second Quarter Third Quarter Fourth Quarter Year Units of raw matonals needed per unit of finished goods Check my word Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Mink Caress Direct Materials Budget. Year 2 First Quarter Second Quarter Third Quarter Fourth Quarter Year ood Units of raw materials nooded per unit of finished goods Units of raw materials needed to meet production SOK Total units of raw materials needed int Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased rences