You are a new junior accountant at Cleanview Corporation maker of lenses for eyeglasses. Your company sells genonio 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 related to the industry benchmark for lons manufacturers for each line item in the report You are Firm A and your closest competitor is Fimm B (Click the icon to view the data.) Read the resuirements Data table X 1 Requirement 1. Calculate all cost amounts to the near head components (Round bal 100%) Direct materials Direct labor Variable overhead Total Materials input Materials price Labor-hours used per lens Wage rate Variable overhead rate Firm A Firm B Industry Benchmark 2.10 1.80 210 oz of glass S 5.00 5 5.60 $5 10 per oz 1.00 1.25 11 hours 5 16.00 $ 13.00 $15.00 per direct manut labor hour $ 15.00 $ 10.00 $13.50 per direct manuf labot-hour Print Done You are a new junior accountant at Cleanview Corporation, maker of lenses for eyeglasses. Your company sells generic-quality lenses for a boss, the controller, has given you the latest month's report for the lens trade association. This report includes information related to operat closest competitor for September 2020. The report also includes information related to the industry benchmark for lens manufacturers for e- You are Firm A and your closest competitor is Firm B. Click the icon to view the data.) Read the requirements - X Requirements Requirement 1. Calculate the to all cost amounts to the nearest over steg Fir 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 Direct materials Direct labor Variable overhead Total Print Done