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What is the cost variance?

A work package has been scheduled to cost $1,000 to complete and was to be
finished today. As of today, the actual expenditure is $1,200 and approximately half
of the work has been completed. What is the cost variance?

PrepAway - Latest Free Exam Questions & Answers

A.
-700

B.
-200

C.
200

D.
500


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