Company A has 50% of its total variable manufacturing cost in labor and the other 50% in fuel. Company B has 70% of its total variable manufacturing cost in labor and the remainder in fuel. Suppose in a given year labor costs rise 9% and fuel costs rise 12%. Required: 1. Using the information above, calculate the percentage increase in total variable cost for each company. (Enter your answers as whole percentages rounded to one decimal place.) Percentage Increase In Total Variable Costs Company A Company B % 2. Which company has the higher percentage increase in total variable cost? O Company A Company B