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During June, Cisco Company produced 1,373 chainsaw blades. The standard quantity of material allowed per unit was 1.65 pounds of steel per blade at

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During June, Cisco Company produced 1,373 chainsaw blades. The standard quantity of material allowed per unit was 1.65 pounds of steel per blade at a standard cost of $9.6 per pound. The actual cost was $9.86 per pound. The actual pounds of steel that Cisco purchased were 2,815 pounds. All materials purchased were used. Calculate Cisco's materials usage variance. Report your result as a positive number.

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