1 6 Chong Corporation recently prepared a flexible budget for water usage at its manufacturing plant. Budgeted water cost at various projected production levels is as follows: 50,000 units $14,500 75,000 units 21,750 90,000 units 26,100 Actual units produced amounted to 60,000 Actual cost incurred for water usage was $15,000 What was Chang's cost variance for water? Multiple Choice 0 $2,400 favorable. $2,600 unfavorable. $7,800 favorable, $21500 favorable. 0000 None ofthe answers is correct