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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.

image text in transcribed 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: Table Summary: This Table gives budgeted production in bottles for five quarters--four quarters for Year 2 and one quarter for Year 3. The spanner heading Year 2 Quarter appears over columns for four quarters. The spanner heading Year 3 Quarter appears over column for one quarter. 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 36,000 grams of musk oil will be on hand to start the first quarter of Year 2. Required: Use Excel to prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Use on page 320 of your KSB 600 text as your guide

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