You should have done a support request instead of a bug report as it's not 
really a bug.
For the microphone :
 -Double-click on the sound try icon
 -Go to the Capture (or maybe Input) tab
 -Select the microphone as the default Input
 -Set the volume to the maximum
You may also want to enable the Mic Boost, a lot of Microphone need that.

For the codecs, there is a nice page on the wiki :
https://help.ubuntu.com/community/RestrictedFormats

Next time, please submit a support request instead of a bug report
(except if that's a bug of course)

** Summary changed:

- MIKE input not working, totem player needs plugins
+ Microphone input not working, totem player needs plugins

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Microphone input not working, totem player needs plugins
https://launchpad.net/bugs/74130

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