A 24 month project had a total budget of $60,000. After eleven months, the project had spent $26,300. At this point, how much was the project under budget? Choices.
A) $800
B) $1000
C) $1200
D) $1400
E) $1600
Each month, the project should spend $60,000 / 24 = $2500.   In 11 months, the project should spend 11*$2500=$27,500.   The project is under budget by $27,500 - $26,300 = $1200.   The answer is $1200.
<result>C</result>
A 24 month project had a total budget of $60,000. After eleven months, the project had spent $26,300. At this point, how much was the project under budget?