Marigold Wings, Inc, manufactures airplanes for use in stunt shows. Marigold's factory is highly automated, using the latest in robotic technology. To keep costs low, the company employs as few factory workers as possible. Since each plane has different features (such as its shape, weight, and color), Marigold uses a job order costing system to accumulate product costs. At the end of 2020, Marigold's accountants developed the following expectations for 2021 based on the marketing department's sales forecast: Budgeted overhead cost Estimated machine hours Estimated direct labor hours Estimated direct materials cost $1,050,000 50,000 9,000 $1,500,000 Marigold's inventory count, completed on December 31, 2020, revealed the following ending inventory balances: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $250,000 $626,000 $400,000 The company's 2021 payroll data revealed the following actual payroll costs for the year: Number Employed Wage Rate per Hour Annual Salary per Employee $223.0.0.0 Total Hours Worked per Employee Job Title Presidentiand CEO E Ch 4: Homework PDR Question 10 of 10 0.13/1 III The company's 2021 payroll data revealed the following actual payroll costs for the year: Number Employed Wage Rate per Hour Total Hours Worked per Employee Annual Salary per Employee $223,000 $178,000 $40.600 $33,500 1 1 1 Job Title President and CEO Vice president and CFO Factory manager Assistant factory manager Machine operator Security guard, factory Forklift operator Corporate secretary Janitor, factory 5 $15 2.250 $20,300 $8 2.000 NNN $36,100 $6 2,150 The following information was taken from Marigold's Schedule of Plant Assets. Al assets are depreciated using the straight-line method. Plant Asset Factory building Administrative office Factory equipment Purchase Price $4,000,000 $650,000 $2,000,000 Salvage Value $150,000 $125,000 $20,000 Useful Life 20 Years 30 Years 12 Years W Question 10 of 10