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Exercise 8-3 Direct Materials Budget (LO8-4] Two grams of musk oil are required for each bottle of Mink Caress, a very popula
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Direct materials Budget - Mink Caress
Particulars Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year
Budgeted Production Units 74000 104000 164000 114000 456000
Material needed per unit 2 2 2 2 2
Material needed for budgeted production 148000 208000 328000 228000 912000
Add: Budgeted ending inventory (20% of next quarter material requirements) 41600 65600 45600 33600 33600
Total material requirements 189600 273600 373600 261600 945600
Less: Beginning inventory 29600 41600 65600 45600 29600
Materials to be purchased (units) 160000 232000 308000 216000 916000
Cost per gram $1.50 $1.50 $1.50 $1.50 $1.50
Total budgeted direct materials cost $240,000.00 $348,000.00 $462,000.00 $324,000.00 $1,374,000.00
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