PROBLEM 3: Direct Materials Budget Three grams of Vitamin D oil are required for each Skin Soft jar of a very popular night cream used for antiwrinkle, a cream made by a small company in Jordan. The cost of the Vitamin D oil is $1.80 per gram. D Budgeted production of Skin Soft is given below by quarters for Year 2 and for the first quarter of Year 3: First Budgeted production, in Jars Year 2 Year 3 Second Third Fourth First 96,000 156,000 106,000 76.000 66,000 The inventory of Vitamin D oil at the end of a quarter must be equal to 20 of the following quarter's production needs. Some 39,600 grams of Vitamin D oil will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for Vitamin D oil, by quarter and in total, for Year 2