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please solve for year s Four grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a
please solve for year
s 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 $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: First 98,000 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 Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed. Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Second 128,000 Budgeted production, in bottles The inventory of musk oll at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 78,400 grams of musk oil will be on hand to start the first quarter of Year 2! Mink Caress Direct Materials Budget-Year 2 $ $ Year 2 First 98,000 4 Third 188,000 392,000 102,400 494,400 78,400 416,000 Second Quarter 128,000 4 512,000 150,400 662,400 102,400 560,000 2.10 $ 2.10 $ 873,000 $1,176,000 $ Fourth 138,000 Third 188,000 4 752,000 110,400 862,400 150,400 712,000 2.10 $ 1,495,200 $ Year 3 First 108,000 Fourth 138,000 4 552.000 86,400 638,400 110,400 528,000 2.10 $ 1,108,800 Year 4 2.10 First 98,000 Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory 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 Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Budgeted production, in bottles The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 78,400 grams of musk oil will be on hand to start the first quarter of Year 2. Second 128,000 $ $ Year 2 Mink Caress Direct Materials Budget - Year 2 First Answer is not complete. 98,000 Third 188,000 392,000 102,400 494,400 78,400 416,000 2.10 873,600 Second Quarter 128,000 43 512,000 150,400 662,400 102,400 560,000 2.10 Fourth 138,000 $ $ 1,176,000 Third 188,000 4 752,000 110,400 862,400 150,400 712,000 2.10 $ $ 1,495,200 Fourth Year 3 First 108,000 138,000 4 552,000 86,400 638,400 110,400 528,000 $ 2.10 $ 1,108,800 $ Year 4 2.10 Step by Step Solution
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