Two grams of musk oil are required for each bottle of Mink Caress, a very popula
ID: 2501400 • Letter: T
Question
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 $1.80 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
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 $1.80 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3:
Year 2
Year 3
First Second Third Fourth First Budgeted production, in bottles 80,000 110,000 170,000 120,000 90,000Mink Caress Direct Materials Budget - Year 2 Quarter First Second Third Fourth Year Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total units of raw materials needed 0 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased
Explanation / Answer
Answer:
Mink Caress Direct Material Budget - Year 2 Quarter Year First Second Third Fourth Required production in units of finished goods 80,000 110,000 170,000 120,000 480,000 Units of raw materials needed per unit of finished goods 2 2 2 2 Units of raw materials needed to meet production (Grams) 160,000 220,000 340,000 240,000 960,000 Total units of raw materials needed(Grams) 160,000 220,000 340,000 240,000 960,000 Units of raw materials to be purchased (Grams) 160,000 220,000 340,000 240,000 960,000 Unit cost of raw materials ($ per gram) 1.80 1.80 1.80 1.80 Cost of raw materials to purchased (In $) 288,000 396,000 612,000 432,000 1,728,000Related Questions
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