Question: A project has just completed the 87th item in its plan. It was scheduled to have spent $168,000 at this point in the plan, but

A project has just completed the 87th item in its plan. It was scheduled to have spent $168,000 at this point in the plan, but has actually spent only $156,000. The foreman estimates that the value of the work actually finished is about $162,000. What are the spending and schedule variances for the project? What are the SPI and CPI?

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