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explain in details how you get Less: Beg. inventory please thanks Exercise 8-3 (Algo) Direct Materials Budget [LO8-4] Three grams of musk oll are required
explain in details how you get Less: Beg. inventory please thanks
Exercise 8-3 (Algo) Direct Materials Budget [LO8-4] Three grams of musk oll 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 $1.70 per gram. 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 oll at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 38,400 grams of musk oll will be on hand to start the first quarter of Year 2. Required: Prepare a direct materlals budget for musk oll, by quarter and In total, for Year 2Step by Step Solution
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