Brooks Advertising pays Thomas Tibbs $80.640 per year. 1.What is the hourly cost to Brooks Advertising of employing Tibbs? Assume a 35-hour week and a 48-week year what direct labor cost would be assigned to Client 507 if Tibbs works 17 hours to prepare cier 507s magazine ad2 2. Requirement 1. What is the hourly cost to Brooks Advertising of employing Tibbs? Assume a 35-hour week and 48-week year Select the formula below that Brooks Advertising would use to caiculate the hourly oost and complete the formu a, (Round the hourly cost to the nearests cent) Hourly cost Requirement 2. What direct labor cost would be assigned to Client 507 if Tibbs works 17 hours to prepare Client 507s magazine ad? Select the formula below that would be used to calouiate the direct labor oost assigned to Client 507 and caleulate that cost. (Round the direct labor cost to the nearest cent.) Direct labor cost