Waterway Co. uses a standard job cost system with a normal capacity of 25,400 direct labour hours. Waterway Co. produces 12,200 units, which cost $161,000 for direct labour (23,000 hours), $24,400 for variable overhead, and $135,420 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 $10.40 ( 2 hours at $5.20 per hour). Calculate the variable overhead spending variance and the variable overhead efficiency variance. Variable overhead spending variance Variable overhead efficiency variance