ard S S ar During August, Legend Company produced 15,000 chainsaw blades. The standard quantity of materials allowed was 2 pounds of steel per blade at a standard cost of $8 per pound. The actual cost was $7 per pound. The actual pounds of steel that Legend purchased were 29,500 pounds. All materials purchased were used. Calculate Legend's materials usage variance. O $1,500 F O $4,000 U O $4,000 F O $3,500 F

During August, Legend Company produced 15,000 chainsaw blades, The standard quantity of materials allowed was 2 pounds of steet per blade at a standard cost of $8 per pound. The actual cost was $7 per pound. The actual pounds of steel that Legend purchased were 29,500 pounds. All materials purchased were used. Calculate Legend's materials usage variance. $1,500F 51,000U $4,000F $3,500F