Three grams of musk oll are required for each bottle of Mink Caress, a popular perfume...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Three grams of musk oll are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oll is $1.50 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Budgeted production, in bottles Year 2 First 60,000 Second 90,000 Third 150,000 Fourth 100,000 Year 3 First 70,000 The Inventory of musk oll at the end of a quarter must equal 20% of the following quarter's production needs. A total of 36,000 grams of musk oll 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. Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed Less: Units of beginning raw materials inventory 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 First Quarter Year Second Third Fourth Three grams of musk oll are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oll is $1.50 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Budgeted production, in bottles Year 2 First 60,000 Second 90,000 Third 150,000 Fourth 100,000 Year 3 First 70,000 The Inventory of musk oll at the end of a quarter must equal 20% of the following quarter's production needs. A total of 36,000 grams of musk oll 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. Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed Less: Units of beginning raw materials inventory 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 First Quarter Year Second Third Fourth
Expert Answer:
Answer rating: 100% (QA)
To prepare the direct materials budget for musk oil for Year 2 we need to calculate the units of raw materials needed per unit of finished goods total ... View the full answer
Related Book For
Managerial Accounting for Managers
ISBN: 978-1259578540
4th edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
Posted Date:
Students also viewed these accounting questions
-
Utilize the NCAA data set: Run a linear probability model including a model of seed, and score. Conduct individual hypothesis tests and interpret the coefficients. Discuss the reasons that you would...
-
Which of these fabrics will you choose to wear in hot and humid conditions? Options: Cotton Silk Nylon Wool
-
4 5 B-Good, Inc. has accounts receivable at September 30 of $1,000,000. At September 30, Allowance for Doubtful Accounts has a credit balance (prior to adjustment) of * 2,250 T 4 The Company uses the...
-
On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows: a. Prepare a multiple-step income statement for the year...
-
Examine the EGL and HGL in Figure 4.1 and explain the following: (a) The location of the EGL at the reservoirs (b) The drop in the EGL moving from reservoir A into pipe 1 (c) The slope of the EGL in...
-
5. If P20,000.00 is invested for two years at 6% compounded annually, compute the future value investment.
-
Which of the following is the most useful for projecting the need for short-term borrowing? a. income statement b. performance report c. cash budget d. balance sheet
-
The Kreeger Grocery Store chain has bought out a competing grocery store chain. However, it now has too many stores in close proximity to each other in certain cities. In Roanoke the chain has 10...
-
PV Versus Diesel: A Cost-Benefit Analysis in the Nexus of Food and Fuel. Then answer the following questions: What is the problem? What are the alternatives? What are the base case assumptions? What...
-
Search the websites for Intel and AMD and report on the information on the most recent processors for desktops offered by each company. Report the cost , capabilities , and technologies used for each...
-
-At 0 ing i A wave on a string is described by y (x, t) = (2.0 cm) x cos [2 (x/(2.4 m) + t/(0.30 s))], where x is in m and t is in s. Part D What is the wave length? Express your answer in meters. =...
-
Eli has demonstrated an impressive ability to adjust to her new surroundings and has shown increasing interest in her environment. Her interactions with his peers and educator, her eager...
-
A stock price at time t is $13.95 and at time t +1is $15.50. What is the simple return for this time period at time t +1?Write the return as a decimal, not a percentage and round to two decimal...
-
why ratio analysis and cash flow analysis is important? what will those two analysis tell us
-
You will be drafting Interrogatories and an accompanying Notice & Certificate of Service of Discovery Materials. You will be drafting them as the attorney for either Harley Quinn or Joker, utilizing...
-
Mrs. Smith has a 30 year mortgage on her home. The interest rate she pays on her mortgage is 12% per year. Her mortgage has no discount points. Mrs. Smith has already paid the down payment of 20% of...
-
1. Advertising for eyeglasses _________ (increases/decreases) the price of eyeglasses because advertising promotes _________. 2. An advertisement that succeeds in getting consumers to try the product...
-
Presented below are cash flow data for L.A. Gear Inc. During this period of time, the manufacturer of athletic shoes and sportswear experienced a 1200 percent growth in net income. Required 1....
-
L.A. Gear, a manufacturer of sports shoes and sportswear, began operations in the early 1980s. By late 1996, however, the company was in bankruptcy. Following are cash flow data for the company for...
-
The following financial data were taken from the Catalina Divers Supply Company for the year ended December 31, 2017. Required Using the above data, prepare the 2017 statement of cash flow for...
Study smarter with the SolutionInn App