Question $8$

$5$ pts

Assume that you have a project with two activities: the first activity costs $$1,000$ for materials and needs two laborers working for $2$ hours each. The second activity happens after the first activity is finished and it costs $$1,500$ for materials and one laborer working for $3$ hours. Assume a man$-$hour costs $$40.$ Now is the end of Hour $3$ and the first activity just got finished and the second activity hasn't started. Assume no changes will happen to the second activity. Calculate the percent complete at the end of Hour $3$ using actual cost ratio method $($Actual cost ratio percent complete $=$ actual cost to date$/$cost at completion, which is equal to actual cost to date $+$ remaining cost$).$

$50\%$

$43\mathrm{.}4\%$

$66\mathrm{.}7\%$

$58\mathrm{.}5\%$