Brooks Advertising pays Thomas Tibbs $\backslash (\backslash$$ $80,640\backslash )$ per year. Requirements $1.$ What is the hourly cost to Brooks Advertising of employing Tibos? Assume a $35-$hour week and a $43-$week year. $2.$ What direct labor cost would be assigned to Client $507$ if Tibbs works $17$ hours to prepare Client $507$ s magazine ad$?$ Requirement $1.$ What is the hourly cost to Brooks Advertising of employing Tibbs? Assume a $35.$hour week and $40-$week year. Select the formula below that Brooks Advertising would use to caioulate the hourly oost and complete the formula. $($Round the hourly cost to the nearess cent.$)$ Requirement $2$ What direct labor cost would be assigned to Client $507$ if Tibbs works $17$ hours to orepare Client $507$ s magazine ad$?$ Seiect the formula below that would be used to caiculate the cirect labor cost ass gned to Clent $507$ and calculate that cost. $($Riound the drect labor cost to the nearest cent.$)$ Drect labor cost