DEF Ltd produces a product with the following standard costs: Direct materials $50 per unit, Direct labor $40 per unit, and Factory overhead (based on machine hours, 8 hours per unit) $30 per unit. During August, the company produced 8,000 units. Actual costs were: Direct materials $380,000, Direct labor $320,000, and Factory overhead $240,000. Calculate the total variance and break it down into material, labor, and overhead variances.