Emmett Brown, a student of all sciences, is the owner of We Don't Need Wheels, Inc. The Delorean factory located in Hill Valley, California is managed by Marty McFly. The factory manufactures a part used to make the company's best selling product, The Flux Capacitor. Marty is responsible for controlling all manufacturing costs related to production of the part. The following monthly costs were budgeted for the Delorean factory: During the month, the actual costs incurred in the factory were as follows: direct materials, $14,200; direct labor wages, $7,540; factory rent, $2,200; factory depreciation, $1,525; factory insurance and taxes, $575; factory repairs and maintenance, $1,600; factory utilities, $2,040; Marty's salary, $3,000. Given a materiality threshold of $500, how many variances would be considered material? two one three five four