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) $ 111 per party $ 111 per party Planning (parties) $ 92 per party $ 114 per party Renting equipment (parties, guests) $ 58 per party plus 511 per guest $ 71 per party plus $21 per guest Obtaining Insurance (parties) $ 160 per party $425 per party Serving (parties, servers) $ 43 per server per party $ 77 per server per party Preparing food (guests) $ 21 per guest $ 32 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? Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the cost of a 20 guest afternoon picnic. Nemoon picnic $ 1061 QUIA Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required How much should Cathy charge for each guest for each type of party if she wants to cover her costs? (Round y 2 decimal places.) Altemoon picnic Formal dinner Charging Amount 5305 per guest 104.45 per guest