Which of the following is used to determine the cost performance index?

2023

1. A.

   Budgeted cost of work performed − Budget at completion

2. B.

   Budgeted cost of work performed ÷ Budget at completion

3. C.

   Budgeted cost of work performed ÷ Actual cost of work performed

4. D.

   Budgeted cost of work performed − Actual cost of work performed

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Correct answer: C

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