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Just need that one red one! Exercise 8-3 (Algo) Direct Materials Budget (LO8-4) Three grams of musk oil are required for each bottle of Mink
Just need that one red one!
Exercise 8-3 (Algo) Direct Materials Budget (LO8-4) Three 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 $2.10 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 First Second Third Fourth First Budgeted production, in bottles 70,000 100,000 160,000 110,000 80,00 The inventory of muskoll at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 42,000 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct materials budget for muskoll, by quarter and in total, for Year 2. Yes 440,000 Ragured production in units of finished goods Unins of raw materials needed per unit of finished goods Units of raw materials needed to most production Add: Deared units of ending raw materials inventory Total units of raw materials needed Les Units of beginning raw materials inventory Units of raw materials to be purchased Unit cost of raw materials cost of raw materials to purchased Answer is complete but not entirely correct. Mink Caress Direct Materials Budget - Year 2 First Second Third Fourth Quarter Quarter Quarter Quarter 70.000 100.000 100.000 110.000 3 3 3 210.000 300.000 40.000 330.000 60,000 96.000 60,000 48.000 270,000 396,000 546,000 378.000 142.000) (00.000) (80,000) 100,000) 228.000 3000 450.000 312.000 $ 2.10 2.10 2.10 $ 2.10 $ 47.300 $ 705.600 18 945.000 3 655 200 1,320,000 40,000 1.710,000 42.000 1.320,000 2.10 $ 2.734,600 Step by Step Solution
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