9. If the actual cost for a WBS item is $1500 and ~s eamedvalue was $2000, what

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9. If the actual cost for a WBS item is $1500 and ~s eamedvalue was $2000, what is its cost variance, and is it under or over budget?

a. the cost variance is -$500, which is over budget

b. the cost variance is -$500, which is under budget

c. the cost variance is $500, which is over budget

d. the cost variance is $500, which is under budget

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