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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
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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