Question 7 5 pts During June, Cisco Company produced 1,377 chainsaw blades. The standard quantity of material allowed per unit was 1.17 pounds of steel per blade at a standard cost of $8.75 per pound. The actual cost was $9.22 per pound. The actual pounds of steel that Cisco purchased were 2,894 pounds. All materials purchased were used. Calculate Cisco's materials usage variance. Report your result as a positive number