Tell me what you want to do Add-ins Help View view AaBbCcDd AaBbCcDd AaBbC Aa BbCcD Aa B 1 No Spac... Heading 1 Title Heading 2 1 Normal Styles Paragraph 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 $1.50 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: Year 3 Year 2 First Fourth First Second Third Budgeted production, in 60,000 90,000 150,000 100,000 70,000 bottles Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 36,000 grams of musk oil will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. (Round "Unit cost of raw materials" answers to 2 decimal places.) (Ctrl)