Ford Motor Company, a leading automobile manufacturer, rigorously employs standard costing for performance evaluation. After comparing actual costs against standard costs, notable variances were identified in direct materials, direct labor, and overhead. Actual direct materials cost for the period was $15,000,000, surpassing the standard cost of $14,000,000. Similarly, actual direct labor costs amounted to $10,000,000, compared to the standard cost of $9,500,000. Additionally, actual overhead costs totaled $8,000,000, exceeding the standard cost of $7,500,000. Provide a detailed analysis of these variances and recommend actionable measures to mitigate any adverse effects on profitability and operational efficiency.