f2Four grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in westernSiberia. The cost of the musk oil is $1.70 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and forthe first quarter of Year 3:Units of raw materials needed per unit of finished goodsUnits of raw materials needed to meet productionTotal units of raw materials neededUnits of raw materials to be purchasedUnit cost of raw materialsCost of raw materials to purchasedRequired:Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2.f3First92,000Budgeted 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 73,600grams of musk oil will be on hand to start the first quarter of Year 2.f4fsSecond122,000FirstMink CaressDirect Materials Budget - Year 2f6Year 2Q Search4-Third182,000Secondf7QuarterThirdFourth132,000fgFourth< Prev.Year 3First102,000fg1 of 1lyi144Yearf10Next >4fnDDI

The budgeted income statement gives a clear and organized summary of predicted financial…

grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made b a. The cost of the musk oil is $1.70 per gram. Budgeted production of Mink Caress is given be st quarter of Year 3: First 92,000 Second 122,000 Year 2 Third 182,000 Mink Caross geted production, in bottles. nventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's pro s of musk oil will be on hand to start the first quarter of Year 2. ired: are a direct materials budget for musk oil, by quarter and in total, for Year 2. Fourth 132,000

grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made b a. The cost of the musk oil is $1.70 per gram. Budgeted production of Mink Caress is given be st quarter of Year 3: First 92,000 Second 122,000 Year 2 Third 182,000 Mink Caross geted production, in bottles. nventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's pro s of musk oil will be on hand to start the first quarter of Year 2. ired: are a direct materials budget for musk oil, by quarter and in total, for Year 2. Fourth 132,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 5EA: Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700...

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