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plz help 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
plz help
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 $1.90 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3 First 68,000 Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total urvits of raw materials needed Year 2 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Second 98,000 Third 158,000 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 40,800 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct materials budget fr musk all, by quarter and in total, for Year 2 Fourth 108,000 Year 3 first 78,000 Mink Caress Direct Materials Budget-Year 2 First Quarter Second Quarter Third Quarter Fourth Quarter Year Step by Step Solution
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