Requirements 1. Calculate the total variable cost per unit for each firm. Compute the percent of total for the material, labor, and variable overhead components. 2. Using Firm B as a benchmark, calculate direct materials and direct manufacturing labor price and efficiency variances for Firm A for one lens. Print Done Data table Firm A Firm B Industry Benchmark Materials input 2.25 1.80 2.00 oz. of glass Materials price $ 4.80 $ 5.25 $5.00 per oz. Labor-hours used per lens 0.80 1.20 1.0 hours Wage rate A $ 14.00 $ 11.00 $12.00 per direct manuf. labor-hour Variable overhead rate $ 16.00 $ 12.00 $15.00 per direct manuf. labor-hour Print Done - X 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 compestor for September 2020. The report also includes Information related 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 redurements Requirement 1. Calculate the total variable cost per unit 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%) Direct materials Direct labor Firm A Variable overhead Total 100.00