Problem 4: Prepare a direct materials budget for rose oil, a direct material in their Eau de' Printemps perfume line using your results from Problem 3 for Platypus Corporation. Each bottle of perfume requires 2 oz of rose oil. Management requires 10% of the following month's rose oil production requirements on hand at the end of each quarter. Standard cost for rose oil is $1.50 per oz. Required: Prepare a quarterly direct materials budget for rose oil for the first 3 quarters of Year 1.