Question: it says its incomplete for some reason, can someone help please!! Two grams of musk oil are required for each bottle of Mink Caress, a
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 $170 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 Year 3 First Second Third Fourth First Budgeted production, in bottles 78,000 108,000 168,000 118,000 88,000 The inventory of muskoll at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 31,200 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. Year 472,000 Mink Caress Direct Materials Budget - Year 2 Quarter Second 78,000 108.000 Units of raw materials needed per unit of finished goods 2 2 Units of raw materials needed to meet production 156,000 216,000 Add. Desired units of ending raw materials inventory 43,200 67,200 Total units of raw materials needed 199 200 283,200 Less: Units of beginning raw materials inventory 31,200 43,200 Units of raw materials to be purchased 168,000 240,000 Unit cost of raw materials $ 1.700 $ 1.70 $ Cost of raw materials to purchased $ 285,600 $ 408,000 $ Third 168,000 2 336,000 47.200 383,200 67,200 316,000 1.707 s 537,200 $ Fourth 118,000 2 236,000 35,200 271,200 47,200 224,000 1.70 380.800 1,136,800 948.000
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