You are a new junior accountant atCorporation, maker of lenses for eyeglasses. Your company sellsgeneric-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 three of your competitors within the trade association. The report also includes information related to the industry benchmark for each line item in the report. You do not know which firm is which, except that you know you are firm A.

Not sure if the inputted answers are correct. Please verify.

1.	Calculate the total variable cost per unit for each firm in the trade association. Compute the percent of total for the material, labor, and variable overhead components.
2.	Using the trade association's industry benchmark, calculate direct materials and direct manufacturing labor price and efficiency variances for the four firms. Calculate the percent over standard for each firm and each variance.

Requirement 1. Calculate the total vaniable cost per unit for each firm in the trade association. 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 Firm B Firm C Firm D Direct materials 9.31 10 9.91 Variable overhead 9.25 6.75 11.25 100.00 100.00 100.00 100.00 Total four tems caic Data Table price and efmiciency variances for the Jenchmark) Before Input q Unit Variable Costs-Member Firms Now For the Month Ended September 30,2017 Input Firm A Firm B Firm C Firm D Industry Benchmark Now Materials input 190 2.00 195 245 190 oz of glass Materials price4 490 $ 5.40S 5.00S 465 500 per oz 0.75 hours %Over Input prLabor-hours 15.50S 15.00 $ 15.25 S 1700 S 13.50 per DLH 12.25 per DLH wage rate Now calculate e industry standard as a benchmark $ 925$ 14.00$ 6.75 S 1125$ Calculate thep laces. For am Variable overhead rate (U). (Round all amounts to two decima a label. Use oarentheses or a minus Choose from a Firm A Firm B Firm C Firm D %over %over %over %over Variance standard Variance standard Variance standard Variance standard % | 86|U DM price var DM efficiency var DL price var DL efficiency var 19 F % | 1.43| |U 2.7 U 1.4 U 96 | 114| | U % | 135| U' % | 263| F' 68