$ 60.25 She Sells Sea Shells planned to produce 6,000 shells during the month. Actual results were as follows: They produced 3,500 shells Purchased 2,040 pounds of material for $22,032, but they only used 1,680 pounds Total Direct Labor Cost was $134,520 Variable Overhead was $43,523 Fixed Overhead was $8.45 per shell Total direct labor hours worked totaled 14,250 while total machine hours worked totaled 7,100 Calculate the direct material, direct labor, and variable overhead variances. In addition, calculate the fixed overhead budget variance. She Sells Sea Shells Inc. sells specialty selenite sea shells down by the sea shore to many different customers and has developed the following standard costs. Direct materials: .5 pounds of material per shell, $10.50 per pound $ 5.25 Direct labor: 4 hrs. per shell at $9.50 per DL hour $ 38.00 Variable Overhead: 2 hours at $6.00 per machine hour $ 12.00 Fixed overhead: $ 5.00 Standard Cost per shell $ 60.25