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 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

Actual units produced amounted to $60,000.$ Actual cost incurred for water usage was $$4,500.$ What was Chong's cost variance for water?

$50,000$ units $ $4,000$

$75,000$ units $6,000$

$90,000$ units $7,200$

Actual units produced amounted to $60,000.$ Actual cost incurred for water usage was $$4,500.$ What was Chong$$s cost variance for water?

Multiple Choice

$$300$ favorable.

$$500$ unfavorable.

$$1,500$ favorable.

$$2,700$ favorable.

None of the answers is correct. Multiple Choice

$$300$ favorable.

$$500$ unfavorable.

$$1,500$ favorable.

$$2,700$ favorable.

None of the answers is correct$|$