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: Budgeted production, in bottles Year 2 First 90,000 Second 120,000 Third 180,000 Fourth 130,000 Year 3 First 100,000 The inventory of musk oil 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. Mink Caress Direct Materials Budget-Year 2 Quarter Year First Second Third Fourth Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production i Total units of raw materials needed Units of raw materials to be purchased Unit cost of raw materials a Cost of raw materials to purchased 20 < Prev 3 of 6 Next > MacBook Air