Direct new junior accountant at Clean Corporation, maker of less for eyeglasses Your company sells generic-quality lenses for a moderate price. Your boss, controller, has given you the latest month's report This port includes information related operations for y and your closest competitor for September 2000. The report also includes information related t industry benchmark for manufacturers fac Data table FA Fimm Industry Benchmark Requirement 2. Using Firm as a benchmark, calculate direct materials and direct manufacturing later price and efficienc Before calculating the variances, determine the form you will use to calculate the price variance. (Abreviation used in Input quantity of Farm A Input price of FA Now determine the formula you will use to calculate the 100 170 100 of g $550 600 70 Labor hours used per 0.60 encyc 0.85 0.7 hou 18:00 14:00 17:00 per 14.00 $10.00 $12.50 per t mo Input price of ind Input quantity of Firm Input quantity of indi) Efficiency variance Now calculate the direct materials and direct manufacturing laber price and efficiency variances using Fim as a benchin OM efficiency a DL efficiency variance Print Done