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Cathy, the manager of Cathy's Catering, Inc., uses activity-based costing to compute the costs of her catered parties. Each party is limited to 20 guests and requires 4 people to serve and clean up. Cathy offers two types of parties-an afternoon picnic and an evening formal dinner. The breakdown of the costs follows. Activities (and cost drivers) Afternoon Picnic Formal Dinner Advertising (parties) $ 91 per party $ 91 per party Planning (parties) $ 76 per party $ 106 per party Renting equipment (parties, guests) $ 53 per party plus $10 per guest $ 70 per party plus $20 per guest Obtaining insurance (parties) $ 245 per party $ 430 per party Serving (parties, servers) $ 43 per server per party $ 73 per server per party Preparing food (guests) $ 18 per guest $ 30 per guest Per party costs do not vary with the number of guests. Required: a. Compute the cost of a 20-guest afternoon picnic. b. Compute the cost of a 20-guest evening formal dinner. c. How much should Cathy charge for each guest for each type of party if she wants to cover her costs? Required A Required B Required C Compute the cost of a 20-guest afternoon picnic. Afternoon picnic Required a Required B Required C Compute the cost of a 20-guest evening formal dinner. Evening formal dinner Required A Required B Required C How much should Cathy charge for each guest for each type of party if she wants to cover her costs? (Round your answers to 2 decimal places.) Afternoon picnic Formal dinner Charging Amount per guest per guest