You are a new junior accountant at Clearsight 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

Requirements

Calculate the total variable cost per unit for each firm. Compute the percent of total for the material, labor, and variable overhead components.

Using Firm B as a benchmark, calculate direct materials and direct

manufacturing labor price and efficiency variances for Firm A for one lens.