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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.

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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 oll is $1,60 per gram Budgeted production of Mink Caress is given below by quarters for Year 2 and 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 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. Prepare a direct materials budget for musk oll, by quarter and in totol, for Year 2

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