Project Highway is to produce 200 construction signs and is scheduled to take five weeks. Each unit is planned to cost $95. The project is severely cost constrained. Performance data for the project at the end of week three is presented below: 120 total units were planned to be produced 130 units have actually been produced The financial manager reported that the business had actually spent $13,000 on the project by the end of week three. Is the project over or under budget?

Question 15 options:

	Over Budget, the Cost Variance (CV) is minus 650.
	Under Budget, the Cost Variance (CV) is minus 850.
	Over Budget, the Cost Variance (CV) is plus 850.
	Under Budget, the Cost Variance (CV) is minus 650.