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:
Year 2 Year 3
First Second Third Fourth First
Budgeted production, in bottles 60,000 90,000 150,000 100,000 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 quarters 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. (Round "Unit cost of raw materials" answers to 2 decimal places.)

Answer:

1. Direct Materials Budget  Units( bottles)    66,000    102,000   140,000    94,000 Total 452,000

2. Costs Raw Materials   $ 297,000 $ 459,000  $ 630,000  $ 423,000  

Total 2034,000

Explanation:

Direct Materials Budget in Bottles & Grams

                                                   Year 2                                          Year 3

                                       First        Second       Third         Fourth      First

Budgeted production, 60,000     90,000    150,000    100,000    70,000

Desired Ending Inventory

20 % 0f the Production   18,000   30,000    20,000      14,000

Less Beginning Inventory  

36,000/ 3                       12,000     18,000   30,000    20,000      14,000

D. Materials Budget     66,000    102,000   140,000    94,000

Grams in a Bottle             3              3               3                3          

Raw Materials gms     198,000     306,000   420,000    282,000

Costs                             $1.50           $1.50        $1.50          $1.50      

Costs Raw Materials   $ 297,000 $ 459,000  $ 630,000  $ 423,000

We add the desired ending inventory to the budgeted production and subtract the beginning inventory to get the direct materials budget in bottles. This is again multiplied with 3 gms and the cost per gram to get the total costs of the total grams. Each bottle contains 3 grams.

Direct Materials Budget in Bottles & Grams

                                                   Year 2                                        

                                       First        Second       Third         Fourth      Total

Budgeted production, 60,000     90,000    150,000    100,000    450,000

Add Desired Ending Inventory

20 % 0f the Production   18,000   30,000    20,000      14,000     82,000

Less Beginning Inventory  

36,000/ 3                 12,000     18,000   30,000    20,000      80,000          

D. Materials     66,000    102,000   140,000    94,000   452,000

Grams in a Bottle       3              3               3                3                 3              

Raw Materials      198,000     306,000   420,000  282,000   1356,000

Costs                      $1.50           $1.50        $1.50          $1.50        1.50          

Costs Raw Materials   $ 297,000 $ 459,000  $ 630,000  $ 423,000

Total  $ 2034,000

 Part 1:

                     Direct Materials Budget in Bottles & Grams  

                                                 Year 2                                        

                                        First        Second       Third         Fourth      Total

Budgeted production,   60,000     90,000    150,000    100,000    450,000

Add Desired Ending Inventory

20 % 0f the Production   18,000   30,000    20,000      14,000     82,000

Less Beginning Inventory  

36,000/ 3                 12,000     18,000   30,000    20,000      80,000          

D.

     Total Cost of Raw Material = $ 2,034,000

Part 2:

Direct Materials Budget in Bottles & Grams

                                                 Year 2                                          Year 3

                                              First        Second       Third         Fourth      First

Production                       = 60,000     90,000    150,000    100,000    70,000

20 % of the Production =      18,000   30,000    20,000      14,000

 Musk oil 36,000/3 =             12,000    18,000   30,000    20,000     14,000

D.

Materials Budget    =                 66,000    102,000   140,000    94,000

Grams in a Bottle    =                       3              3               3                3          

Raw Materials gms  =              198,000     306,000   420,000    282,000

 Costs(given)            =               $1.50           $1.50        $1.50          $1.50      

Costs Raw Materials for 4 years is  =  $ 297,000 $ 459,000  $ 630,000  $ 423,000

Therefore, the correct answer are :

Total Cost of Raw Material = $ 2,034,000

Cost of Raw Materials for 4 years is  =  $ 297,000 $ 459,000  $ 630,000  $ 423,000

Learn more :

https://brainly.com/question/16554078?referrer=searchResults

The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.:

Accumulated Depreciation $32,000
Fees Earned 78,000
Depreciation Expense 7,250
Rent Expense 34,000
Prepaid Insurance 6,000
Supplies 400
Supplies Expense 1,800

Requried:
Prepare an income statement.

Mr. and Mrs. Camarena's AGI (earned income) was $15,410. Their federal income tax withholding was $930. They had no itemized deductions and two dependent children, ages 18 and 19. If Mr. and Mrs. Camarena are entitled to a $4,732 earned income credit, compute their income tax refund. Assume the taxable year is 2019.

From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the dividends per share

Gross Profit MethodBased on the following data, estimate the cost of the ending merchandise inventory: Sales (net) $9,250,000 Estimated gross profit rate 36% Beginning merchandise inventory $180,000 Purchases (net) 5,945,000 Merchandise available for sale $6,125,000

A 22-year, semiannual coupon bond sells for $1,066.57. The bond has a par value of $1,000 and a yield to maturity of 6.78 percent. What is the bond's coupon rate

When a financial friction is added to the short-run model it: Group of answer choices shifts the MP curve up. shifts the IS curve down. shifts the AS curve down. is represented by a movement along the MP curve. is represented by a movement along the IS curve.

Milar Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate
Direct materials 7.7 pounds $ 4 per pound
Direct labor 0.1 hours $ 20 per hour
Variable overhead 0.1 hours $ 4 per hour


In January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for January is:

a. $1,690 U
b. $1,540 F
c. $1,540 U
d. $1,690 F

As a person engaged in the image business, the impression you project consists of your outward apperance the conduct you exhibt in the workplace is known as

MV Corporation has debt with market value of $ 95 ​million, common equity with a book value of $ 102 ​million, and preferred stock worth $ 20 million outstanding. Its common equity trades at $ 48 per​ share, and the firm has 5.6 million shares outstanding. What weights should MV Corporation use in its​ WACC? g

Trade adjustment assistance:_________.a. provides financial assistance to all unemployed workers in the United Statesb. guarantees jobs for all workers displaced by imports or plant relocations abroadc. provides assisntace to about 20 percent of unemployed U.S. workers each yeard. provides cash assistance for workers displaced by imports or plant relocations abroad

Assume that today is December 31, 2019, and that the following information applies to Abner Airlines: After-tax operating income [EBIT(1 - T)] for 2020 is expected to be $700 million. The depreciation expense for 2020 is expected to be $150 million. The capital expenditures for 2020 are expected to be $375 million. No change is expected in net operating working capital. The free cash flow is expected to grow at a constant rate of 7% per year. The required return on equity is 13%. The WACC is 11%. The firm has $199 million of non-operating assets. The market value of the company's debt is $3.534 billion. 120 million shares of stock are outstanding. Using the corporate valuation model approach, what should be the company's stock price today

The following is TRUE about Inventory:________.A. Firms decrease inventory because there is a risk of significant and unpredictable fluctuations in downstream demand B. Firms decrease inventory because there are price discounts or transportation discounts associated with ordering in larger quantities C. Firms decrease inventory because the more we spend on inventory, the more we need to spend on other inventory-related expenditures D. Firms decrease inventory because there is a risk of interruptions in the flow of components/materials from upstream suppliers E. Firms decrease inventory because there is a risk of interruptions due to unreliable productivity and quality.

Complete the following matrix to analyze the human factors that influence organizational change. Write 1 or 2 complete sentences to explain your rationale for each factor. An example has been provided. Human Factors That Influence Organizational Change Example: Resistance Influence on Organizational Change Example of Global Influence (if any) Example of National Influence (if any) Example: Causes delay in implementing change Example: Workers resist change to avoid outsourcing Example: Workers do not know position of the company in the marketplace Organizational Cause of Factor Example: Occurs because of how change is implemented by leadership 1. Loss of control 2. Uncertainty about future 3. Loss of face 4. Concern about competence 5. Fear of more work 6. Past resentments 7. Feeling threatened References

Hyperion Manufacturing is expected to pay a dividend of $2.25 per share at the end of the year. The stock sells for $75 per share, and its required rate of return is 12%. The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate

" Frequently, beer manufacturers run television ads showing attractive, young people having fun and, of course, drinking their beer. These ads are designed primarily to create: "

You are the supervisor for a team of employees who have a high number of product defects. They also waste materials. You recognize that products defects and wasted materials affect your department's budget. You have told your team to decrease the amount of wasted materials, bur your employees do not seem to are. How can you get them to increase their quality and decrease waste

Drag each option to the correct location on the image. Match the pairs to their respective categories.

Specialty Auto Racing Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Specialty Auto Racing on July 31, the end of the current year:

Common Stock, $10 par $440,000
Paid-In Capital from Sale of Treasury Stock-Common 33,200
Paid-In Capital in Excess of Par-Common Stock 132,000
Paid-In Capital in Excess of Par-Preferred Stock 61,200
Preferred 4% Stock, $50 par 1,020,000
Retained Earnings 2,057,400
Treasury Stock-Common 38,500

Fifty thousand shares of preferred and 200,000 shares of common stock are authorized. There are 3,500 shares of common stock held as treasury stock.

Required:
Prepare the Stockholders' Equity section of the balance sheet as of July 31, the end of the current year.

High fixed costs and low variable costs are typical of which approach? product process mass customization repetitive product and mass customization

A firm with total liabilities and owners’ equity of $100,000 and net sales of $50,000 would have a total asset turnover of

When you decide to go and have a dinner with your friends in a world class hotel such as the Golden Tulip or La Pleasure Beach, perhaps you would be horrified by the high price you would have to pay for a bottle of soft drink such as Coca Cola or Pepsi Cola or wine or even bottled water. Perhaps you begin to ponder why the same commodity that you can get at a supermarket at one tenth the hotel price is going for such an astronomical price at the hotel. Of course, such facilities will have a warning such “you are not allowed to bring in your own food or drinks” posted at appropriate places in the facility for the attention of customers.In another scenario, you enter a designer shop to buy clothes with a designer label for a friend on their birthday or on Valentine day and you reckon the clothes are so much expensive compared to similar own brand clothes from a clothing or chain store, even though they may cost a similar amount to produce. Using your knowledge in basic economics, especially of the concept of demand and supply, attributes of a competitive market and price elasticity of demand, briefly discuss the following:
A. Why may a hotel charge such very high prices for wine, soft drinks or even bottled water and yet quite reasonable prices for food and still get away with such high prices? B. Why are designer shops able to price their clothes so very expensive and yet still get clients even though similar clothes that are available in a supermarket chain shops cost pretty much less?

A publisher faces the following demand schedule for the next novel from one of its popular authors:

Price Quantity Demanded
(Dollars) (Copies)
100 0
90 100,000
80 200,000
70 300,000
60 400,000
50 500,000
40 600,000
30 700,000
20 800,000
10 900,000
0 1,000,000

The author is paid $2 million to write the novel, and the marginal cost of publishing the novel is a constant $10 per copy.

Complete the second, fourth, and fifth columns of the following table by computing total revenue, total cost, and profit at each quantity.


Quantity Total Revenue Marginal Revenue Total Cost Profit
(Novels) (Dollars) (Dollars) (Dollars) (Dollars)

0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000

What is the coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 6%? Interest is paid annually.

Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.1. What is the firm's level of current liabilities? What is the firm's level of inventories? Do not round intermediate calculations. Round your answers to the nearest dollar.

Consider a firm that employs some resources that are owned by the firm. When accounting profit is zero, economic profit Multiple Choice must also equal zero. is sure to be positive. must be negative and shareholder wealth is reduced. cannot be computed accurately, but the firm is breaking even nonetheless.

Suppose that Antonio, an economist from an AM talk radio program, and Caroline, an economist from a school of industrial relations, are arguing over government intervention. The following dialogue shows an excerpt from their debate:

Caroline: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.

Antonio: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.

Caroline: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate.

1. The disagreement between these economists is most likely due to

a. differences in values

b. differences in scientific judgement

c.differences in perception verse reality.

2. Despite their differences, with which proposition are two economists chosen at random most likely to agree?

a. Lawyers make up an excessive percentage of elected officials.

b. Minimum wage laws do more to harm low-skilled workers than help them.

c. Tariffs and import quotas generally reduce economic welfare.

Eviyan recently received a copy of his performance review report. During the review, his manager took notes regarding his performance and typed them up for the report, Eviyan was required to write a review of his own work following a questionnaire provided by the employer, and comments were solicited from other employees regarding his performance. Because he also has contact with the public, comments that were submitted to the company from the public concerning his performance were included in the report. After reading the report he received a phone call from his manager’s secretary informing him that he has been scheduled with an appointment with the manager the next day. If the manager is following good performance review policies, why has he scheduled the meeting with Eviyan? Group of answer choices The manager has scheduled him for a meeting for a performance feedback interview. The manager wants to meet with him so he can tell him about his evaluation and tell him in person that he is doing well or poorly and will then attempt to get Eviyan to agree to the performance evaluation. The manager has scheduled the meeting to solve Eviyan’s performance problems. The manager has scheduled the meeting to tell Eviyan what he has done well or poorly and give him the opportunity to defend himself.

Mayan Company had net income of $132,000. The company had 89,000 shares of common stock issued. The company had 9,000 shares of treasury stock. The company declared a $27,000 dividend on its preferred stock. There were no other stock transactions. What is the company's Earnings Per Share

Assume that both firm A and firm B formally agree to each put up $10 million to form firm C. The operations of firm C are restricted to conducting research and development activities for the benefit of firms A and B. Firm C is a _____ of firms A and B.

There are two goods that you can spend your income on; good X and good Y. The price of good X is Px and the price of good Y is Py. The level of income is N$1800 and tour utility function is