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ABC Manufacturing's standard cost card for one unit of product includes: Direct materials $80, Direct labor (14 hours at $15 per hour), and Factory overhead

ABC Manufacturing's standard cost card for one unit of product includes: Direct materials $80, Direct labor (14 hours at $15 per hour), and Factory overhead (based on direct labor hours, 14 hours per unit). During September, the company produced 10,000 units, and actual costs were: Direct materials $750,000, Direct labor $1,000,000, and Factory overhead $1,200,000. Calculate the total variance and break it down into material, labor, and overhead variances.

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