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DEF Ltd manufactures a product with the following standard costs: Direct materials $20 per unit, Direct labor $15 per unit, and Factory overhead (based on

DEF Ltd manufactures a product with the following standard costs: Direct materials $20 per unit, Direct labor $15 per unit, and Factory overhead (based on direct labor hours, 2 hours per unit) $10 per unit. During June, the company produced 4,000 units. Actual costs were: Direct materials $80,000, Direct labor $60,000, and Factory overhead $45,000. Calculate the total variance and break it down into material, labor, and overhead variances.

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