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A work package has earned value of $410,000 and actual cost of $435,000. What is the cost variance?

Correct Answer

D) -$25,000

Cost variance is EV - AC = $410,000 - $435,000 = -$25,000.

Answer Options
A
$25,000
B
-$845,000
C
$435,000
D
-$25,000

Why This Is the Correct Answer

Cost variance is EV - AC = $410,000 - $435,000 = -$25,000.

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