You have decided to automate the processing of invoice reimbursements in your company.

Your IT department has provided you with the following forecasts:

Start date $01/04/2024$

Project end date $12/05/2024$

Development time $5$ weeks

Testing and training $1$ week

Cost of IT staff on project per week $10,000$

Project launched as planned on $01/04/2024$

Progress to $04/21/20243$ weeks after start$-$up

of $30\%$ for

at a cost of $31,500$

The project ended on $02/06/20249$ weeks after start$-$up

at a cost of $94,500$

Calculate the total cost variance as at $04/21/2024$

breaking it down into schedule variance and cost variance

Calculate the total variance at the end of the project $02/06/2024$

breaking it down into time variance and cost variance