Block Advertising pays Ryan Johnson $$128,625$ per year.Requirements$1.$ What is the hourly cost to Block Advertising of employing Johnson? Assume a $35-$hour week and a $49-$week year$\mathrm{.}2.$ What direct labor cost would be assigned to Client $507$ if Johnson works $15$ hours to prepare Client $507\text{'}$s magazine ad$?1516$Requirement $1.$ What is the hourly cost to Block Advertising of employing Johnson? Assume a $35-$hour week and $49-$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$17118119$Requirement $2.$ What direct labor cost would be assigned to Client $507$ if Johnson works $15$ hours to prepare Client $507\text{'}$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.$)$Direct labor cost