The Gantt chart below represents a project plan with updates. Each task has been scheduled to begin at the beginning of a month, and be completed at the end of a month, as indicated by the bold timeline bars (assume that all months are of equal length). The project manager has entered the percent complete for each activity, but has not indicated the status graphically on the task bars. Assume today is June 1 and so far all activities have started on time, and the project is on budget for the work that has been performed so far. Assume payments are made at the end of each month for the work that was performed. J WBS Activity Percent Budget No. Description Complete Amount A S O N D 8 9 10 11 12 7 J F M A M J 1 2 5 16 1 1 I 1 1 1 Research 100 $10,000 2 Planning 50 20,000 3 Design 100 10,000 5 Prototype 25 20,000 6 Procurement 0 20,000 7 Installation 0 20,000 8 Testing 0 10,000 9 Training 50,000 Refer to the concepts and formula in Project Cost Management, and answer the following questions. (1) What is the total planned duration of the project in months? (2) What is the total budgeted cost of the project as of June 1? (3) What is the total actual cost of the project as of June 1? (4) What is the total earned value of the project as of June 1? (5) What was the cost variance for the project as of June 1? (6) Which of the following best describes the project status as of June 1? (7) How does the project perform (in terms of CPI)? (8) Based the performance as of June 1, what is the FCAC? The Gantt chart below represents a project plan with updates. Each task has been scheduled to begin at the beginning of a month, and be completed at the end of a month, as indicated by the bold timeline bars (assume that all months are of equal length). The project manager has entered the percent complete for each activity, but has not indicated the status graphically on the task bars. Assume today is June 1 and so far all activities have started on time, and the project is on budget for the work that has been performed so far. Assume payments are made at the end of each month for the work that was performed. J WBS Activity Percent Budget No. Description Complete Amount A S O N D 8 9 10 11 12 7 J F M A M J 1 2 5 16 1 1 I 1 1 1 Research 100 $10,000 2 Planning 50 20,000 3 Design 100 10,000 5 Prototype 25 20,000 6 Procurement 0 20,000 7 Installation 0 20,000 8 Testing 0 10,000 9 Training 50,000 Refer to the concepts and formula in Project Cost Management, and answer the following questions. (1) What is the total planned duration of the project in months? (2) What is the total budgeted cost of the project as of June 1? (3) What is the total actual cost of the project as of June 1? (4) What is the total earned value of the project as of June 1? (5) What was the cost variance for the project as of June 1? (6) Which of the following best describes the project status as of June 1? (7) How does the project perform (in terms of CPI)? (8) Based the performance as of June 1, what is the FCAC