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(Solution Download) Two grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by 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 $1.70 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

 

FirstSecondThirdFourthFirst
  Budgeted production,

 

in bottles

78,000108,000168,000118,00088,000

 

    

 

 

 

 

 

 

 

 

    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 oil at the end of a quarter must be equal to

 

30% of the following quarterAc??cs production needs. Some 46,800 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. (Round "Unit cost of raw materials"

 

answers to 2 decimal places.)

 

Mink CaressDirect Materials

 

Budget - Year 2QuarterFirstSecondThirdFourthYearRequired production

 

in units of finished goods156,000216,000336,000236,000944,000Units

 

of raw materials needed per unit of finished goodsUnits of raw

 

materials needed to meet productionAdd: Desired units of ending raw

 

materials inventory64,800100,80070,80026,400262,800Total units of

 

raw materials needed64,800100,80070,80026,400262,800Less: Units of

 

beginning raw materials inventoryUnits of raw materials to be

 

purchased64,800100,80070,80026,400262,800Unit cost of raw

 

materialsCost of raw materials to purchased

 


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