Question 3 of 5 View Policies Show Attempt History Current Attempt in Progress 0.25/1 : Your answer is partially correct. Sheridan Co. uses a standard job cost system with a normal capacity of 24,500 direct labour hours. Sheridan Co. produces 12,000 units, which cost $157,500 for direct labour (22,500 hours), $24,000 for variable overhead, and $129,600 for fixed overhead. The standard variable overhead per unit is $2 (2 hours at $1 per hour), and the standard fixed overhead per unit is $10.00 (2 hours at $5.00 per hour). Calculate the variable overhead spending variance and the variable overhead efficiency variance. Variable overhead spending variance $ 21000 Unfavourable Variable overhead efficiency variance $ 4000 Unfavourable eTextbook and Media Save for Later Attempts: 1 of 3 used Submit