Chapter 8 Homework Saved Help Save & Exit Submit Check my work Four grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western the frist The cotor20 per gram. Budgeted production of Mink Caress s iven below by quarters for Year 2 and for quarter of Year 3 points Budgeted production, in bottles 100,000 130,000 190,000 140, DOD 110,000 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 o at the end of a quarter must be equal to 20% of the following quarters production needs. Some 80,000 grams of musk oil will be on hand to start the first quarter of Year 2 Bok Required Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. (Round Unit cost of raw materials" answers to 2 decimal places.) Hint Mink Caress Direct Materials Budget Year 2 Quarter Units of raw materials needed per unt of ,ished goods Units of raw materials needed to meet producion Total unts of raw materials needed Units of raw maberials to be parchased Unit cost of raw materials Prev19 of 2 Next>