KVM represents each virtual CPU as a thread in the host Linux system, actually as a thread in the QEMU process. So scheduling of guest VCPUs is controlled by the Linux scheduler.
On Linux, you can use taskset
to force specific threads onto specific CPUs. So that will let you assign one VCPU to one physical CPU and two VCPUs to another. See, for example, https://groups.google.com/forum/#!topic/linuxkernelnewbies/qs5IiIA4xnw.
As far as controlling what percent of the CPU each VM gets, Linux has several scheduling policies available, but I'm not familiar with them. Any information you can find on how to control scheduling of Linux processes will apply to KVM.
The answers to this question may help: https://serverfault.com/questions/313333/kvm-and-virtual-to-physical-cpu-mapping. (Also that forum may be a better place for this question, since this one is intended for programming questions.)
If you search for "KVM virtual CPU scheduling" and "Linux CPU scheduling" (without the quotes), you should find plenty of additional information.