Check my work 0 Required information The following information applies to the questions displayed below. Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Food and beverages Labor (0.5 hour $9.00 /hr.) overhead (0.5 houre $18.62/hr.) Total cost per guest 16.00 4.50 9.31 29.81 The standard cocktail party lasts three hours and Chavez hires one worker for every six guests, so that works out to one-half hour of labor per guest. These workers are hired only as needed and are paid only for the hours they actually work. when bidding on cocktail parties, Chavez adds a 11% markup to yield a price of about $33 per guest. She is confident about