Question: A project budget identifies $5,000 budgeted for programming costs. The actual amount for programming costs is $5,450. Which of the following statements is correct? a.

A project budget identifies $5,000 budgeted for programming costs. The actual amount for programming costs is

$5,450. Which of the following statements is correct?

a. The $450 represents a negative variance to the budget

b. There is no variance to the budget

c. The $450 represents a positive variance to the budget

d. The entire $5,450 represents a positive variance to the budget

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