XYZ Ltd produces a product with the following standard costs: Direct materials $35 per unit, Direct labor $25 per unit, and Factory overhead (based on machine hours, 5 hours per unit) $20 per unit. During July, the company produced 4,000 units. Actual costs were: Direct materials $145,000, Direct labor $100,000, and Factory overhead $85,000. Calculate the total variance and break it down into material, labor, and overhead variances.