Next Question Smith Accounting pays Thomas Tibbs $128,625 per year, Requirements What is the hourly cost to Smith Accounting of employing Tibbs? Assume a 35-hour week and a 49-week year. What direct labor cost would be assigned to Client 507 i Tibbs works 15 hours to prepare Client 507's financial statements ? 1. 2. Requirement 1. What is the hourly cost to Smith Accounting of employing Tibbs? Assume a 35-hour week and 49-wook year. Select the formula below that Smith Accounting would use to calculate the hourly cost and complete the formula (Round the hourly cost to the nearest cont.) Hourly cost Requirement 2. What direct labor cost would be assigned to Client 507 if Tibbs works 15 hours to prepare Client 507's financial statements? Select the formula below that would be used to calculate the direct labor cost assigned to Client 507 and calculate that cost. (Round the direct labor cost to the nearest cent.) Direct labor cost X 1. What is the hourly cost to Smith Accounting What direct labor cost would be assigned to 2. Requirement 1. What is the hourly cost to Smith Select the formula below that Smith Accounting v w 1 Available work hours per year ost would be be used to c Daily salary Direct labor costs Hours worked on job Indirect labor costs Yearly salary Smith Accounting pays Thomas Tibbs $128,625 per year. Requirements What is the hourly cost to Smith Accounting of employing Tibbs? 2. What direct labor cost would be assigned to Client 507 if Tibbs w Requirement 1. What is the hourly cost to Smith Accounting of employ Select the formula below that Smith Accounting would use to calculate Available work hours per year Requirement 2. What direct labor cost Daily salary Select the formula below that would be Direct labor costs cent.) Hours worked on job Indirect labor costs Yearly salary Choose from any list or Requirement 1. What is the hourly cost to Smith Select the formula below that Smith Accounting 7 / Requirement 2. What direct labor cost would be Select the formula below that would be used to ca cent.) Available work hours per year Daily salary Direct labor costs Hourly cost Hours worked on job Indirect labor costs Yearly salary Cnoose from any list or enter any num -cost to Smith Accounting of employing Tibbs? As h Accounting would use to calculate the hourly cos / Ho ] 1 cost would be assigned to Client 507 if Tibbs works uld be used to calculate the direct labor cost assigne ] ] Direct Available work hours per year Daily salary Direct labor costs Hourly cost Hours worked on job Indirect labor costs Yearly salary any number in