You are a new junior accountant at Perfect Sight $$Corporation$,$ maker of lenses for eyeglasses. Your company sells$$ 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$.$

Firm A

Firm B

Industry Benchmark

Materials input

$2\mathrm{.}20$

$2\mathrm{.}00$

$2\mathrm{.}30$ oz$.$ of glass

Materials price

$$5\mathrm{.}20$

$$5\mathrm{.}60$

$$5\mathrm{.}40$ per oz$.$

Labor$-$hours used per lens

$0\mathrm{.}80$

$1\mathrm{.}15$

$1\mathrm{.}0$ hours

Wage rate

$$16\mathrm{.}00$

$$13\mathrm{.}00$

$$15\mathrm{.}00$ per direct manuf. labor$-$hour

Variable overhead rate

$$17\mathrm{.}00$

$$13\mathrm{.}00$

$$15\mathrm{.}00$ 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.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 $100\%.)$