You are a new junior accountant at Clearlens 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 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 requirements. 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%.) Firm A Direct materials % Direct labor % Variable overhead % 100.00 Total % Data table Firm A Firm B Industry Benchmark Materials input 1.80 1.50 1.60 oz. of glass Materials price $ 4.80 $ 5.20 $5.00 per oz. Labor-hours used per lens 0.90 Wage rate $ 17.00 $ 1.15 1.1 hours 16.00 $19.00 per direct manuf. labor-hour Variable overhead rate $ 14.00 $ 12.00 $12.50 per direct manuf. labor-hour