Step 1: Think in terms of equal slices instead of formulas.
A sector with a $30^\circ$ central angle is one of $\frac{360^\circ}{30^\circ}=12$ identical slices that together make up the whole circle.
Step 2: Use the fact that all 12 slices are congruent.
Equal central angles mean equal sector areas, so the full circle's area is exactly 12 times the area of one such slice.
Step 3: Compute.
Area of circle $=12\times7=84$ cm$^2$.
\[ \boxed{84 \text{ cm}^2} \]