ston 40 yet wered Chong Corporation recently prepared a manufacturing cost budget for an output of 50,000 units, as follows: ts out of 25 ing question Direct materials $100,000 Direct labor 50,000 Variable overhead 75,000 Fixed overhead 100,000 Actual units produced amounted to 60,000. Actual costs incurred were direct materials, 5110,000; direct labor 560,000, variable overhead, 5100,000; and fixed overhead, 597,000. If Chong evaluated performance by the use of a flexible budget, a performance report would reveal a total variance of Select one O a $3,000 favorable Ob. $23,000 favorable OC $27,000 untavorable Od $42.000 unfavorable O e None of the answers is correct