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If possible can you show your work? Two grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made

If possible can you show your work?

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Two 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 Fourth First 76,000 Second 106,000 Third 166,000 Year 3 First 86,000 Budgeted production, in bottles. 116,000 The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 30,400 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 Year First Second Fourth 166,000 Required production in units of finished goods Units of raw materials needed per unit of finished goods 2 Units of raw materials needed to meet production 332,000 Add: Desired units of ending raw materials inventory 46,400 Total units of raw materials needed Less: Units of beginning raw materials inventory Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased 76,000 152,000 42,400 Quarter 106,000 2 212,000 66,400 Third 116,000 2 232,000 464,000 2 928,000

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