10 10 Exercise 8-3 (Algo) Direct Materials Budget [LO8-4] points 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 $2.20 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: eBook Hint Budgeted production, in bottles Year 2 First 72,000 Second 102,000 Third 162,000 Fourth 112,000 Year 3 First 82,000 The Inventory of musk oll at the end of a quarter must equal 20% of the following quarter's production needs. A total of 43,200 grams of musk oll will be on hand to start the first quarter of Year 2. Print Required: Prepare a direct materials budget for musk oil, by quarter and In total, for Year 2. References Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production 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 First Quarter Year Second Third Fourth