You are preparing a labour cost control analysis using the Forecasting Unit Costs Method. The following progress data is provided. What would be the overall labour cost status for the job? Project: Casa Loma Condominiums Project Duration: 12 Months Report Period: Month 6 Labour Cost Variance Analysis Report: Using Forecasted Units Method Code Description Unit Budgeted Quantity at Completion (Qb) Actual Quantity Completed to Date (Qa) 22100 Mechanical m2 26100 Electrical m2 10,000 10,000 2,500 Budgeted Labour Cost (BAC) $2,000,000 Actual Cost-to- Date (AC) 1,000 $425,000 $1,000,000 $125,000 Total for Work $3,000,000 $550,000 "$50,000 Under Budget" "$1,000,000 Under Budget" "$1,500,000 Over Budget" "$50,000 Over Budget