You are a new junior accountant at Clearview 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. Data table Firm A Requirements Firm B Materials input 2.20 Materials price $ 4.90 $ Labor-hours used per lens 0.70 Wage rate $ 16.00 $ Variable overhead rate $ 14.00 $ 1.90 5.30 0.85 Industry Benchmark 2.00 oz. of glass $5.00 per oz. 0.8 hours 15.00 $18.00 per direct manuf. labor-hour 9.00 $13.50 per direct manuf. labor-hour 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.