please general account questions answer me Two grams of musk oil are required for each bottle of Mink Caress, avery popular perfume made by a small company in western Siberia. Thecost of the musk oil is $1.60 per gram. Budgeted production of MinkCaress is given below by quarters for Year 2 and for the first quarter ofYear 3:Year 2Year 3FirstSecond ThirdFourth FirstBudgetedproduction, in bottles 76,000 1,06,000 1,66,000 1,16,000 86,000The inventory of musk oil at the end of a quarter must be equal to 20%of the following quarter's production needs. Some 30,400 grams ofmusk oil will be on hand to start the first quarter of Year 2.Prepare a direct materials budget for musk oil, by quarter and in total,for Year 2.

Key Information GivenEach bottle of Mink Caress requires: 2 grams of musk oil.Cost per gram of musk…

Answered: Two grams of musk oil are required for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 1PA: Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and...

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Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by asmall company in western Siberia. The cost of the musk oil is 150 roubles per kilogram. (Siberia is locatedin Russia, whose currency is the rouble.) Budgeted production of Mink Caress is given below by quartersfor Year 2 and for the first quarter of Year 3:Year 2 Year 3First Second Third Fourth FirstBudgeted production, in bottles ...... 60,000 90,000 150,000 100,000 70,000Musk oil has become so popular as a perfume ingredient that it has become necessary to carry largeinventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of aquarter must be equal to 20% of the following quarter’s production needs. Some 36,000 grams of musk oilwill 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. At the bottom of yourbudget, show the amount of purchases in roubles…
Two 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 $1.60 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Budgeted production, in bottles First 76,000 Year 2 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Second Third Fourth 106,000 166,000 116,000 The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 30,400 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. Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total units of raw materials needed Mink Caress Direct Materials Budget - Year 2 Second First Quarter Year 3 First 86,000 Third…
THREE 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 $1.90 PER GRAM. THE BUDGETED PRODUCTION OF MINK CARESS IS GIVEN BELOW BY QUARTERS FOR YEAR 2 AND FOR THE FIRST QUARTER OF YEAR 3: Year 2 First Year 3 Secon Third Fourth First Budgeted production, in 68,000 98,000 1,58,000 1,08,000 78,000 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 20% OF THE FOLLOWING QUARTER'S PRODUCTION NEEDS. SOME 40,800 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. WAYLAND MANUFACTURING USES A NORMAL COST SYSTEM AND HAD THE FOLLOWING DATA AVAILABLE FOR 2010: Direct materials purchased on account…
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 $1.50 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Budgeted production, in bottles Year 2 Year 3 First 88,000 Second 118,000 Third 178,000 Fourth 128,000 First 98,000 The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 70,400 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.
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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 $1.50 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 74,000 104,000 164,000 114,000 84,000 The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 29,600 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.
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Three 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 $1.50 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: Budgeted production, in bottles Year 2 Year 3 First Second Third Fourth First 60,00090,000150,000100,000 70,000 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 20% of the following quarter’s production needs. Some 36,000 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.
Vikrambhai
Four 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 $1.50 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 bottles88,000118,000178,000128,000 98,000 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 20% of the following quarter’s production needs. Some 70,400 grams of musk oil will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for musk…

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