2.1 Answer the questions from the information provided. Use the information provided below to calculate and comment on the following in respect of the project: Cost variance 2.1.2 Cost variance % 2.1.1 (3 marks) (3 marks) 2.1.3 Schedule variance (3 marks) (3 marks) 2.1.4 Schedule variance % INFORMATION The following information is available for a project undertaken by Vista Limited: The budget that has been authorised for the scheduled work to be completed R160 000 The value of work completed expressed in terms of approved budget allocated to that work R197 600 Total costs that were incurred to accomplish the work performed during the given time period R208 000 The total planned value of the project R720 100