Data table Materials input Materials price A Labor-hours used per lens Wage rate Variable overhead rate Firm A GA Firm B 2.25 4.80 S 0.80 $14.00 $ $ 16.00 $ Print Industry Benchmark 2.00 oz. of glass 1.80 5.25 1.20 11.00 $12.00 per direct manuf. labor-hour 12.00 $15.00 per direct manuf. labor-hour $5.00 per oz. 1.0 hours Done

Data table You are a new junior accountant at Clearvision Corporation, maker of lenses for eyeglasses. Your company sells generic-quality lenses for a moderate price. Your boss, the controller, has given you the latest month's report for the lens trade association. This report includes information related to operations for your firm and your closest competitor for September 2020 . The report also includes information relatod to the industry benchmark for lens manufacturers for each line item in the report. You are Firm A and your closest competitor is Firm B. (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the total variable cost per Yinit for each firm. Compute the percent of total for the material, labor, and variable overhead components. (Round all cost amounts to the nearest cent. Round the percentages to two decimal places, Due to rounding the total of the percentages may not equal 100%.)