Answer:
Explanation:
PV = $60,000
EV = $55,000
AC = $50,000
Cost variance = EV-AC
            =$55,000 - $50,000
            = $5,000
Schedule variance = EV-PV
                =$55,000-$60,000
                = - $5,000
Cost Performance Index= EV/AC
                    =$55,000/$50,000
                    =1.1% or 0.011
Schedule Performance Index= EV/PV
                        =$55,000/$60,000
                        =0.91% or 0.0091