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 four people to serve and clean up. Cathy offers two types of parties-an aftemoon picnic and an evening formal dinner. The breakdown of the costs follows. Activities and cost drivers) Afternoon Picnic Advertising (parties) $100 per party Planning (parties) $ 75 per party Renting equipment (parties, guests) $ 50 se per party plus $1e per guest Obtaining insurance (parties) $200 per party Serving (parties, servers) $ 5e per server per party Preparing food (guests) $ 2e per guest Formal Dinner $100 per party $125 per party Szs per party plus $20 per guest $400 per party $ 75 per server per party $ 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? 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. Afternoon picnic Required A Required Required C Compute the cost of a 20-guest evening formal dinner. Evening formal dinner 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 Charging Amount per guest per guest Formal dinner