Varnishing question

I have decided to varnish the wood in my Daysailer I. To clean and sand the wood (from around the cockpit, the two seats, the two aft storage area bit, and the three pieces from under the cuddy) I have removed them.
Here's the question, is there a trick to varnishing the wood prior to putting it back on the boat? Should you varnish one side, with one coat, let it dry, and then varnish the other side, for each of the coats? Or, do you complete all the coats on one side, then flip it and do all the other coats? Or, is there a trick to hanging/supporting the individual pieces and and putting varnish on both sides at the same time for each coat?
As always, any advice or suggestions are greatly appreciated.
Cheers,
Guinness
Newly inherited owner of Daysailer #11929
Here's the question, is there a trick to varnishing the wood prior to putting it back on the boat? Should you varnish one side, with one coat, let it dry, and then varnish the other side, for each of the coats? Or, do you complete all the coats on one side, then flip it and do all the other coats? Or, is there a trick to hanging/supporting the individual pieces and and putting varnish on both sides at the same time for each coat?
As always, any advice or suggestions are greatly appreciated.
Cheers,
Guinness
Newly inherited owner of Daysailer #11929