What are the cost and schedule variances for the project, Financial Management

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What are the cost and schedule variances for the project

A project in its 14th week has an actual cost of $175,000. It was scheduled to have spent $195,000. For the work performed to date, the budgeted value is $160,000. What are the cost and schedule variances for the project? What are the SPI and CPI? What do these numbers tell us about the progress we've made on the project?

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