Project TOC is to be performed in $4$ quarterly phases P$1=$ $$20,000,$ P$2=$ $$70,000,$ P$3=$ $$50,000,$ P$4=$ $$50,000.$ As per the Cost Management Plan a kill point assessment will be done at the half way duration. This assessment is scheduled for the end of $6$ months

Project leads report that $55\%$ of the Project Work is completed at this point. Finance reports that $$93,400$ has been spent.

What is the Variance in Cost that should be reported?

Question $13$ options:

$$5,400$

$$11,100$

$$10,500$

$$5,300$