For each case below, find the missing amount.Beginning inventory of finished goods $........$Cost of goods manufactured during periodEnding inventory of finished goodsCost of goods soldCase I?$$419\mathrm{.}00098,000405,000$Case ICase III$ $7,000$$$12\mathrm{.}000$$$95\mathrm{.}0008,000?21,000304,000$A foundry employee worked a normal $40-$hour shift, but four hours were idle due to a small fire in the plant. The employee earns $$18$ per hour.Required:$1.$ Calculate the employee's total compensation for the week$\mathrm{.}2.$ How much of this compensation is a direct$-$labor cost? How much is overhead?A loom operator in a textiles factory earns $$16$ per hour. By contract, the employee earns $$24($time and a half$)$ for overtime hours. The operator worked $45$ hours during the first week of May, and overtime is paid after the usual $40$ hours.Required:$1.$ Compute the loom operator's compensation for the week$\mathrm{.}2.$ Calculate the employee's total overtime premium for the week$\mathrm{.}3.$ How much of the employee's total compensation for the week is direct labor cost? How much is overhead?Not all manufacturing processes fall neatly into the structure presented in the chapter. One variation is called mass customization. Search the term mass customization on the Internet.Required:Select and read several articles about mass customization. Then briefly explain $(1)$ howmass customization relates to the structure of manufacturing processes discussed in the chapter,$(2)$ whether you believe mass customization would be the best type of manufacturing process for a gaming computer manufacturer like Falcon Northwest, and $(3)$ what effect this choice would have on Falcon Northwest's costs.Consider the following costs that were incurred during the current year:$1.$ Tire costs incurred by Ford Motor Company$\mathrm{.}2.$ Sales commissions paid to the sales force of Dell Inc$\mathrm{.}3.$ Wood glue consumed in the manufacture of Rooms To Go furniture $($assume that the cost of glue used is insignificant$)\mathrm{.}4.$ Hourly wages of refinery security guards employed by ExxonMobil$\mathrm{.}5.$ The salary of a financial vice president of Hewlett Packard$\mathrm{.}6.$ Advertising costs of Coca$-$Cola$\mathrm{.}7.$ Straight$-$line depreciation on factory machinery of Boeing Corporation$\mathrm{.}8.$ Wages of assembly$-$line personnel of Whirlpool Corporation$\mathrm{.}9.$ Delivery costs incurred by Ben & Jerry's for a shipment of their ice cream to a grocery store$\mathrm{.}10.$ Newsprint consumed in printing at The New York Times$\mathrm{.}11.$ Plant insurance costs of Texas Instruments$\mathrm{.}12.$ LED costs incurred in light$-$bulb manufacturing of GE Lighting.Required:Evaluate each of the preceding and determine whether the cost is $($a$)$ a product cost or a periodcost. $($b$)$ variable or fixed in terms of behavior, and $($c$)$ for the product costs only. whether the cost is properly classified as direct material, direct labor, or manufacturing overhead. Item I is done as an example.