• XYZ Manufacturing budgeted to produce 10,000 units of a product. The standard cost per unit is $50, consisting of $20 for direct materials, $15 for direct labor, and $15 for overhead. During the month, 11,000 units were produced. Actual costs were $220,000 for direct materials, $170,000 for direct labor, and $180,000 for overhead. Calculate the direct materials, direct labor, and overhead variances using a flexible budget approach.