1. Salaries of players on the Boston Red Sox. 2. Year-end completed goods of Levi Straus jeans. 3. Executive compensation costs at Home Depol. 4. Advertising costs for Sony. 5. Costs incurred during the period to insure a Ford plant against fire and flood losses. 6. Current year's depreciation on a Carnival Cruise Line ship. 7. The cost of printer ink and paper used during the period by Shutterfly. 8. Assembly-line wage cost incurred at a Kona bicycle plant. 9. Year-end production in process at Lenovo computer manufacturer. 10. The cost of products sold to customers of a Target store. 11. The cost of products sold to distributors of carpet manufacturer Shaw Floors. Required: 1. Evaluate the costs just cited, and determine whether the associated dollar amounts would be found on the firm's balance shect, income statement, or schedule of cost-of-goods-manufactured. (Note: 'In some cases, more than one answer will apply.) 2. What major asset will normally be insignificant for service enterprises and relatively substantial for retailers, wholesalers, and manufacturers? Briefly discuss. 3. Briefly explain the major differences between income statements of service enterprises versus those of retailers, wholesalers, and manufacturers. The following selected information was extracted from the 20xl accounting records of Lone Oak Products: administrative functions Inventney anta. "The Januafy 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. Required: 1. Calculate Lone Oak's manufacturing overhead for the year. 2. Calculate Lone Oak's cost of goods manufactured. 3. Compute the company's cost of goods sold. 4. Determine net income for 201, assuming a 30% income tax rate. 5. Determine the number of completed units manufactured during the year. 6. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: indirect labor is $115,000 and other factory costs amount to $516,000