Analyze budget variances and evaluate performance for a manufacturing department.

Budgeted Costs	Actual Costs
Direct Materials	$200,000
Direct Labor	$100,000
Variable Overhead	$30,000
Fixed Overhead	$50,000
Production Output	5,000 units

Requirements:

Calculate the total variance for each budgeted cost item.

Analyze the reasons for favorable or unfavorable variances.

Recommend corrective actions to improve cost management and departmental performance.