Richard's Events provides catering services, among other services. The company has adopted activity-based costing (ABC) for the catering services. The ABC system classifies activities into two groups based on the cost driver used: Diners and Events. Each event is limited to 25 guests and requires four people to serve and clean up. Richard's Events offers two types of catered events-an informal. outside party and a formal, seated meal. The cost accountant at Richard's Events has developed the following cost-driver rates for the individual activities: Activities (and cost drivers) Informal Party Formal Dinner Advertising (events) $ 136 per event 5.136 per event Planning (events) 106 per event 166 per event Renting equipment (events, diners) 76 per event 256 per event 256 per event plus 20 per diner 106 per event plus 32 per diner 496 per event 376 per event 32 per diner 44 per diner Obtaining insurance (events) Serving (events) Preparing food (diners) Per-event costs do not vary with the number of diners. Required: a. Compute the cost of a 25-guest informal party. b. Compute the cost of a 25-guest formal meal, c. How much should Richard's Events charge for each diner for each type of event if the company is to cover its costs? Complete this question by entering your answers in the tabs below. Required A Required B Required C How much should Richard's Events charge for each diner for each type of event if the company is to cover its costs? Advertising (events) $136 per event $136 per event Planning (events) 106 per event 166 per event Renting equipment (events, diners) 76 per event plus 20 per diner 106 per event plus Obtaining insurance (events) 256 per event 496 per event Serving (events) 256 per event 376 per event Preparing food (diners) 32 per diner 44 per diner Per-event costs do not vary with the number of diners. Required: a. Compute the cost of a 25-guest informal party. b. Compute the cost of a 25-guest formal meal. c. How much should Richard's Events charge for each diner for each type of event if the company is to cover its costs" Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the cost of a 25-guest informal party. Informal party $136 per event $136 per event 106 per event 166 per event 76 per event plus 20 per diner 106 per event 256 per event 496 per event 256 per event 376 per event 32 per diner 44 per diner Advertising (events) Planning (events) Renting equipment (events, diners) Obtaining insurance (events) Serving (events) Preparing food (diners) Per-event costs do not vary with the number of diners. Required: a. Compute the cost of a 25-guest informal party. b. Compute the cost of a 25-guest formal meal. c. How much should Richard's Events charge for each diner for each type of event if the company is to cover its c Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the cost of a 25-guest formal meal. Formal dinner per event 106 per event 76 per event 256 per event plus 20 per diner 256 per event 32 per diner Advertising (events) Planning (events) Renting equipment (events, diners) Obtaining insurance (events) Serving (events) Preparing food (diners) $136 Per-event costs do not vary with the number of diners. Required: a. Compute the cost of a 25-guest informal party $ 136 per event 166 per event 106 per event 496 per event 376 per event plus 32 44 per diner b. Compute the cost of a 25-guest formal meal. c. How much should Richard's Events charge for each diner for each type of event if the company is to cover its costs? Complete this question by entering your answers in the tabs below. Required A Required B Required C How much should Richard's Events charge for each diner for each type of event if the company is to cover its costs? Note: Round your answers to 2 decimal places. Informal party Formal dinner Charging Amount per guest per diner