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you are a new junior accountant at in view corporation, maker of lenses for emplyees. your company sells generic - quality lenses for a moderate

you are a new junior accountant at in view corporation, maker of lenses for emplyees. your company sells generic-quality lenses for a moderate price. your boss, the controller, has given you the latest months report for the lens trade association. this report includes information related to operations for your firm and your slosest competitor for september 2020. the report also includes information related to the industy benchmark for lens manufactures 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.
rounding the total of the percentages may not equal 100%.)
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.
competitor is Firm B.
(Click the icon to view the data.)
Read the requirements.
rounding the total of the percentages may not equal 100%.)
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.
competitor is Firm B.
(Click the icon to view the data.)
Read the requirements.
rounding the total of the percentages may not equal 100%.)
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.
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