Three grams of musk oll 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 $160 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: First 62,000 Year? Second Third Fourth 92,000 152,000 102,000 Year 3 First 72,000 Budgeted production, in bottles 0:46.1 Jook 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 muskoll at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 37.200 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct materials budget for musk oll, by quarter and in total, for Year 2. rences 16:12 Mink Caress Direct Materials Budget - Year 2 Quarter First Second 5 Third Fourth Year 1 Units of raw materials needed por unit of finished goods Units of raw materials needed to meet production nces Total units of raw materials needed Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Mink Caress Direct Materials Budget - Year 2 Quarter Second First Third Fourth Year and find Estimated sales in units of finished goods Required production in units of finished goods Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased 00:45:20 Mink Caress Direct Materials Budget - Year 2 Quarter First Second ebook Third Fourth Year Hint Print Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production ferences Add: Desired units of ending raw materials inventory Add: Units of beginning raw materials inventory Less: Desired units of ending raw materials inventory Less: Units of beginning raw materials inventory points 00:45:02 Mink Caress Direct Materials Budget - Year 2 Quarter First Second Third Fourth Year eBook Hint Print Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production References Total units of raw materials needed Add: Desired units of ending raw materials inventory Add: Units of beginning raw materials inventory Less: Desired units of ending raw materials inventory Less: Units of beginning raw materials inventory