A Project with a total funding of $70,000 finished with a BAC value of $60,000. What term can best describe the difference of $10,000?

My answer is for the option (B)

B. Cost Variance

see below for the definitions and websites ...

What is a cost variance? | AccountingCoach

www.accountingcoach.com/blog/what-is-a-cost-variance 

"Generally a cost variance is the difference between a cost's actual amount and its budgeted or planned amount. For example, if a company had actual repairs ..."

Earned Value Management Cost Variance - Tutorialspoint

https://www.tutorialspoint.com/earn_value_management/cost_variance.htm

"Cost Variance (CV) is a very important factor to measure project performance. CV indicates how much over - or under-budget the project is. ... Cost Variance % indicates how much over - or under-budget the project is in terms of percentage."

it is Management Reserve. It can't be cost variance because the total funding wasn't based on estimated cost but on planned budget.

A. Management Contingency Reserve

Thank you for the invitation. My answer is B

Thank you for invitation. I seem option-B. Cost Variance.

Cost Variance..............................

Thank you for the invitation

option B

With the greetings and appreciation of the information

Mr.Muhammad , you could be right in general but here in this case it is Positive Cost Variance ; but it is Cost Variance nevertheless and thanks for the invitation.

I think option A because

The difference between the Cost Baseline and Funding requirement at Project completion is

Management Contingency Reserve. BAC represents the revised Cost baseline for the project. So

Management Contingency Reserve is true.

Think you for the invitation

 the answer is B: Cost  Variance