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Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume small company in westem Siberia. The cost of

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Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume small company in westem Siberia. The cost of the musk oil is $1.50 per gram. Budgeted production of Mink first quarter of Year 3: Year 2 First Second Third Fourth 60,000 90,000 150,000 100,000 Year 3 First 70,000 Budgeted production, in 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 quarters production needs. Some 36 000 grams of musk ol will be on hand to start the first quarter of Year 2 Required Prepare a direct materia's budget for musk cil, by quarter and in sotal, for Year 2. (Round "Unit cost of raw materials" answers to 2 decimal places ) Mink Caress Direct Materials Budget- Year 2 Quarter First Second Third Fourth Year Required production in units of fnshed goods Units of raw materials needed per unit of finished goods Unts of raw materials needed to meet production Total units of raw materials needed Units of raw maneials to be purchased Unit cost of raw materials Cost ot raw materia's to be purchased

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