Daniel Jackson owns a catering company that prepares bancuens suring the summer and on year-end holidays and a light schedule the rest of year. Jackson's businessis seasonal, winct operating costs are incurred evenly throughout the year. One of Jackson's most requested functions is a cocktail party. Daniel has developed the following costs per person for a standard cocktail party: (a) Youranswer is correct. Based on absorption costing. What is Jackson's cost per person? Based on variable costing, what is his cost per person? (Round answers to 2 decimal ploces, e8. 15.25. Your answer is correct. Based on absorption costing, what is Jackson's cost per person? Based on variable costing. what is his cost per person? (Round answers to 2 decimal places, eg. 15.25.) eTextbook and Media Attempts: 1 of 3 usec b) Jackson prices his cocktail parties by adding a 20% markup to his costs. What price will Jackson charge per person if he uses absorption costing? If he uses variable costing? (Round answers to 2 decimol places eq 15.25 ) Jackson prices his cocktail parties by adding a 20% markup to his costs. What price will Jackson charge per person if he uses absorption costing? If he uses variable costing? (Round answers to 2 decimal places, eg. 15.25)