ABC Manufacturing's standard cost card for one unit of product includes: Direct materials $35, Direct labor (5 hours at $8 per hour), and Factory overhead (based on direct labor hours, 5 hours per unit). During May, the company produced 6,000 units, and actual costs were: Direct materials $200,000, Direct labor $240,000, and Factory overhead $280,000. Calculate the total variance and break it down into material, labor, and overhead variances.