Matthew is managing a specific task. The task's budget is $$4,000$ and is scheduled for four months. After the first month, Matthew has spent $$750,$ and only $20\%$ of the project has been completed. What is the cost variance? Is project cost on track?

Group of answer choices

CV is $$800.$ This is positive and the project is under budget.

CV is $$50.$ This is positive and the project is under budget.

CV is $$50.$ This is positive and the project is over budget.

CV is $$800.$ This is positive and the project is over budget.