Homework: Ch.2 Learning Objective 7 Score: 0 of 12 pts SM2-15 (similar to) Block Advertising pays Tim Johnson $76,500 per year. Requirements 1. 2. What is the hourly cost to Block Advertising of employing Johnson? Assume a 30-hour week and a 51-week year. What direct labor cost would be assigned to Client 507 if Johnson works 12 hours to prepare Client 507's magazine ad? Requirement 1. What the hourly cost to Block Advertising of employing Johnson? Assume a 30-hour week and 51-week year. Select the formula below that Block Advertising would use to calculate the hourly cost and complete the formula. (Round the hourly cost to the nearest cent.) Hourly cost 2 of 3 (1 complete)