Chapter 9 Help Save & Exit Submit Check my work 9 5 points 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 Fornal Dinner Advertising (parties) $ 79 per party $ 79 per party Planning (parties) $ 82 per party $128 per party Renting equipient (parties, guests) $ 47 per party bus $15 per quest 74 per party plus $21 per est Obtaining insurance (parties $170 per party $350 per party Serving (parties, servers $ 41 per server per party $ 85 per server per party Preparing food (cuests) $ 21 per quest $ 29 perust 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