PLEASE HELP WITH BOTH PARTS

Smith Accounting pays Lee Young $128,625 per year. Requirements 1. What is the hourly cost to Smith Accounting of employing Young? Assume a 35-hour week and a 49-week year. 2. What direct labor cost would be assigned to Client 507 if Young works 19 hours to prepare Client 507 's financial statements? Requirement 1. What is the hourly cost to Smith Accounting of employing Young? Assume a 35-hour week and 49-week 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 cent.)