Two 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 $1,80 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: Year 2 Pirat Second Third Fourth 80,000 110.000 170,000 120,000 Year 3 First 90,000 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 quarter's production needs. Some 32,000 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. Answer is not complete Mink Caress Direct Materials Budget - Year 2 Quarter First Second Third 80.000 110,000 170.000 160.000 220,000 340.000 12.800,000.000 24 200,000,000 57,800,000,000 44.000 68,000 48.000 Year Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materiais needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed Fourth 120 000 240,000 28,600,000,000 36.000 480.000 960,000 460,800,000.000 196.000 Units of raw matenals to be purchased Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Answer is not complete. Mink Caress Direct Materials Budget - Year 2 Quarter First Second Third 80,000 110.000 170,000 160.000 220,000 340,000 12.800,000,000 24,200,000 000 57,800,000,000 44.000 68.000 48.000 Required production in units of finished goods Units of raw materiais 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 Fourth 120,000 240.000 28,800,000,000 36.000 Year 480.000 960,000 460,800,000,000 196.000 Units of raw materials to be purchased Unit cost of raw materials Cost of ww materials to purchased