Cathy, the manager of Cathy's Catering. Inc, uses activity-based costing to compute the costs of her catered parties. Each party is Himited to 20 guests and requires 4 people to serve and clean up. Cathy offers two types of parties-an afternoon picnic and ari. evening formal dinnet. The breakdown of the costs follows. 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 thils question by entering your answers in the tabs below. Compute the cost of a 20-9uest aftemoon plenic. Complete this question by entering your answers in the tabs below. Compute the cost of a 20-guest evening formal dinner. Complete this question by entering your answers in the tabs below. 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.)