Do not give image format The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 78,400grams 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.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 purchasedMink CarossDirect Materials Budget - Year 2FirstSecondQuarterThird+FourthYear Four 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 $2.10 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and forthe first quarter of Year 3:First98,000Units of raw materials needed per unit of finished goodsUnits of raw materials needed to meet productionYear 2Second128,000Required:Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2.·DeatBudgeted production, in bottlesThe inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 78,400grams of musk oil will be on hand to start the first quarter of Year 2.Mink CaressDirect Materials Budget-Year 22Third188,000First122SecondFourth138,000AlavtQuarterYear 3First108,000ThirdFourthYear

The direct materials budget is prepared by the business entities for the purpose of computing the…

The inventory of musk oil at the end of a quarter must be equal to 20% of the followin 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.

The inventory of musk oil at the end of a quarter must be equal to 20% of the followin 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.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 5EB: Cloud Shoes manufactures recovery sandals and is planning on producing 12.000 units in March and...

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Three grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $2.10 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: First 70,000 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 Second 100,000 Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Year 2 Budgeted production, in bottles The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 42,000 grams of musk oil will be on hand to start…
Four grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $2.10 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production First 98,000 Total units of raw materials needed Year 2 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Second 128,000 Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Budgeted production, in bottles The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 78,400 grams of musk oil will be on hand to start the first quarter of Year 2. Third 188,000 Mink Caress Direct Materials Budget - Year 2 First Fourth 138,000 Second Quarter Year 3 First 108,000 Third…