Question: A cost control report of a certain contract gives the following figures as percentages of the contract a completion budgeted cost: Budgeted Cost of

A cost control report of a certain contract gives the following figures

A cost control report of a certain contract gives the following figures as percentages of the contract a completion budgeted cost: Budgeted Cost of Work Scheduled = 150,000 L.E - Actual Cost of Work Performed = 140,000 L.E Budgeted Cost of Work Performed = 160,000 L.E Calculate, cost and schedule variances and comment on the status of the contract.

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