The following eight activities constitute an overall bar chart portrayal of a $4-$month project.

After $1\mathrm{.}5$ months, Activities A$,$ B$,$ D$,$ and half of E were completed, for a cost of $$8,000.$ For this project, using earned value

concepts, determine the schedule variance and the cost variance. State if the project is over or under budget and if it

ahead of or behind schedule.