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) $ 109 per party $ 109 per party Planning (parties) $ 56 per party $ 146 per party Renting equipment (parties, guests) $. 52 per party plus $13 per guest 68 per party plus 522 per guest obtaining Insurance (parties) 5 235 per party $395 per party Serving (parties, servers) $ 40 per server per party 581 per server per party Preparing food (guests) $ 24 per guest $ 30 per ques 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 Required Required a Compute the cost of a 20-quest afternoon pienic. Aftemoon 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 Ilmited 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 Plaid Formel Dinner Advertising (parties) 5 109 per party $ 109 per party Planning (parties) $ 56 per party $ 146 per party Renting equipment parties, guests $ 53 per party Rius 512 per guest $ 68 per party plus $22 per guest Obtaining Insurance (parties) $ 235 per party $ 395 per party Serving (parties, Servers) 5 40 per server per party $ 81 per server per party Preparing food (guests) S 24 per guest $ 30 per guese 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 Required Required Compute the cost of a 20-guest evening formal dinnen Evening formal dinner Complete this question by entering your answers in the tabs below. Required A Required Rundirecte How much should Cathy charge for each guest for each type of party if she wants to cover her coses? (Round your answer to 2 decimal places.) Charging Amount Afternoon pione per guest Formal dinner per quest