Question: ACME company's production budget for August is 23.000 units and includes the following components unit costs; direct materials $9.0, direct labor $ 11.0, variable overhead $ 5.8. Budgeted fixed overhead is $ 49.000. Actual production in August was 24.075 units. Actual unit component costs incurred during August include direct materials $ 10.00, direct labor $ 10.00, variable overhead $ 6.80. The actual fixed overhead was $ 52.200. The standard variable overhead rate per unit consists of 5.8 per machine hour and each unit is allowed a standard of 1 hour of machine time. During August, 163,710 of actual variable overhead cost was incurred for 27.285 machine hours. Calculate the variable overhead spending variance and the variable efficiency variance.