The project manager wants to know how efficiently the project is using resources. He knows that the work currently accomplished is worth $32,000, the project should have completed work worth $48,000 by now, and the current spending stands at $44,000. Based on this information, the project manager determines that the project is ______.
A. Performing over budget; for every $1 spent, the project is getting nearly 73 cents of value.
B. Performing under budget; for every $1 spent, the project is getting nearly $1.38 of value.
C. Performing exactly on budget; for every $1 spent, the project is getting $1 of value.
D. Performing over budget; for every $1 spent, the project is getting nearly 92 cents of value.
Answer: A