Hanson Inc. has the following variable manufacturing overhead standard to manufacture one Zippy:

1.5 standard hours per Zippy at $3.00 per direct labor hour

Last week, 1,550 hours were worked to make 1,000 Zippies, and $5,115 was spent for variable manufacturing overhead.

Requirements:

1.Hanson's spending variance (VOSV) for variable manufacturing overhead for

the week.

2.Hanson's efficiency variance (VOEV) for variable manufacturing overhead for the week.