Stein Advertising pays Peter Geller $90,000 per year. Requirements 1. What is the hourly cost to Stein Advertising of employing Geller? Assume a 30-hour week and a 50week year. 2. What direct labor cost would be assigned to Client 507 if Geller works 13 hours to prepare Client 507's magazine ad? Requirement 1. What is the hourly cost to Stein Advertising of employing Geller? Assume a 30-hour week and 50-week year. Select the formula below that Stein Advertising would use to calculate the hourly cost and complete the formula. (Round the hourly cost to the nearest cent.) Indirect labor costs + I Direct labor costs = Hourly cost Requirement 2. What direct labor cost would be assigned to Client 507 if Geller works 13 hours to prepare Client 507's magazine ad? 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.) I " I = Direct labor cost