ABC Manufacturing's standard cost card for one unit of product includes: Direct materials $60, Direct labor (10 hours at $15 per hour), and Factory overhead (based on direct labor hours, 10 hours per unit). During July, the company produced 7,000 units, and actual costs were: Direct materials $480,000, Direct labor $600,000, and Factory overhead $700,000. Calculate the total variance and break it down into material, labor, and overhead variances.