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DEF Ltd manufactures a product with the following standard costs: Direct materials $15 per unit, Direct labor $10 per unit, and Factory overhead (based on

DEF Ltd manufactures a product with the following standard costs: Direct materials $15 per unit, Direct labor $10 per unit, and Factory overhead (based on direct labor hours, 2 hours per unit) $8 per unit. During June, the company produced 3,000 units. Actual costs were: Direct materials $45,000, Direct labor $30,000, and Factory overhead $25,000. Calculate the total variance and break it down into material, labor, and overhead variances.

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