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 5 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 cont drivers) Afternoon Picnic Pormal Dinner Advertising (parties) $ 97 per party $ 97 per party Planning (parties) $ 82 per party $120 per party Renting equipment (parties, guests) $ 41 per party plun 514 per guest $ 68 per party plan $23 per quest Obtaining Insurance (parties) $245 per party $360 per party Serving (parties, servera) $ 55 per server per party $ 84 per server per party Preparing food (questo) $ 23 per quest $ 31 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 3 Required Compute the cost of a 20-guest afternoon plenie, Afternoon picnic Required 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 5 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 cont drivers Afternoon Picnic Formal Dinner Advertising (parties) $ 97 per party $ 97 per party Planning (parties) $ 82 per party $120 per party Renting equipment parties, guests) $ 41 per party plus $14 per guest $ 68 per party plus $23 per guest Obtaining Insurance (parties) $ 245 per party $360 per party Serving (parties, servers) $ 55 per server per party $ 84 per server per party Preparing food (quests) $ 23 per quest 5 J1 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 evening formal dinner. Evening formal dinner 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 5 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) $ 97 per party $ 97 per party Planning (parties) $ 82 per party $120 per party Renting equipment (partion, guests) $ 41 per party plus $14 per guest $ 68 per party plus $23 per guest Obtaining insurance (parties) $ 245 per party $360 per party Serving (parties, servers) $ 55 per server per party $ 84 per server per party Preparing food (guests) $ 23 per quest $ 31 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 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 por guest