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Gabriel has a new contract to build a school. The original cost estimate for the earthworks was $500,000. Gabriel has subcontracted the earthworks out. The
Gabriel has a new contract to build a school. The original cost estimate for the earthworks was $500,000. Gabriel has subcontracted the earthworks out. The subcontract is worth $400,000. Gabriel expects to pay a project manager $60,000 to manage this scope of work. What is the budget variance, and is it favourable or unfavourable?
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