Cathy, the manager of Cathy’s Catering, Inc., uses activity-based costing to compute the costs of her...
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 5 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) $ 81 per party $ 81 per party
Planning (parties) $ 68 per party $ 108 per party
Renting equipment $ 59 per party plus $ 79 per party plus
(parties, guests) $ 11 per guest $ 24 per guest
Obtaining insurance (parties) $ 180 per party $ 440 per party
Serving (parties, servers) $ 59 per server per party $ 79 per server per party
Preparing food (guests) $ 16 per guest $ 28 per guest
Per party costs do not vary with the number of guests.
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? (Round your answers to 2 decimal places.)
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Cathy, the manager of Cathy’s Catering, Inc., uses
activity-based costing to compute the costs of her...
Cathy, the manager of Cathy’s Catering, Inc., uses activity-based costing to compute the costs of her...
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) $ 101 per party $ 101 per party Planning (parties) $ 80 per party $ 104 per...
Cathy, the manager of Cathy's Catering, Inc., uses activity-based costing to compute the costs of her...
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 5 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) $ 91 per party $ 91 per party Planning (parties) $ 82 per party $ 102...
Cathy, the manager of Cathy's Catering, Inc., uses activity-based costing to compute the costs of her...
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 four people to serve and clean up. Cathy offers two types of parties-an aftemoon picnic and an evening formal dinner. The breakdown of the costs follows. Activities and cost drivers) Afternoon Picnic Advertising (parties) $100 per party Planning (parties) $ 75 per party Renting equipment (parties, guests) $ 50 se per party plus...
Cathy, the manager of Cathy's Catering, Inc., uses activity-based costin the costs of her catered parties....
Cathy, the manager of Cathy's Catering, Inc., uses activity-based costin the costs of her catered parties. Each party is limited to 20 guests and i people to serve and clean up. Cathy offers two types of parties-an afte and an evening formal dinner. The breakdown of the costs follows. Activities (and cost drivers) Advertising (parties) Planning (parties) Renting equipment (parties, guests) Obtaining insurance (parties) Serving (parties, servers) Preparing food (guests) Afternoon Picnic $ 111 per party $ 66 per party...
Cathy, the manager of Cathy's Catering, Inc., uses activity based costing to compute the costs of...
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 5 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) Advertising (parties) Planning (parties) Renting equipment parties, guests) Obtaining insurance (parties) Serving (parties, servers) Preparing food (guests) Afternoon Picnic $ 99 per...
- wy w way maNudhuldeturing Environment (LU 9-4,5) Cathy, the manager of Cathy's Catering, Inc., uses...
- wy w way maNudhuldeturing Environment (LU 9-4,5) 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 Advertising (parties) $111 per party Planning (parties) $ 66 per party Renting equipment...
Part 3: Activity-Based Costing Banquet Services uses activity-based costing to compute the costs of their catered...
Part 3: Activity-Based Costing Banquet Services uses activity-based costing to compute the costs of their catered parties. Each party is limited to 40 guests and requires five people to serve and clean up. Two types of parties, an afternoon picnic and an evening formal dinner, are offered. The breakdown of the costs follows: Activities (and cost drivers) Afternoon Picnic vs Formal Dinner Advertising (parties) $175 per party for Afternoon Picnic $100 per party for Formal Dinner Planning (parties) $50 per...
At the beginning of the month, Mark’s Masonry had two jobs in process that had the...
At the beginning of the month, Mark’s Masonry had two jobs in process that had the following costs assigned from previous months: Job Number: JB111 Direct Labor: $24k Applied Overhead: ?? Job Number: JB115 Direct Labor: $15k Applied Overhead: ?? During the month, Jobs JB111 and JB115 were completed but not billed to customers. The completion costs for JB111 required $26,000 in direct labor. For JB115, $75,000 in direct labor was used. During the month, one new job, JB120, was...
At the beginning of the month, Mark’s Masonry had two jobs in process that had the...
At the beginning of the month, Mark’s Masonry had two jobs in process that had the following costs assigned from previous months: Job Number: JB111 Direct Labor: $24k Applied Overhead: ?? Job Number: JB115 Direct Labor: $15k Applied Overhead: ?? During the month, Jobs JB111 and JB115 were completed but not billed to customers. The completion costs for JB111 required $26,000 in direct labor. For JB115, $75,000 in direct labor was used. During the month, one new job, JB120, was...
Required information The following information applies to the questions displayed below.) Maria Chavez owns a catering...
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...
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 four people to serve and clean up. Cathy offers two types of parties-an aftemoon picnic and an evening formal dinner. The breakdown of the costs follows. Activities and cost drivers) Afternoon Picnic Advertising (parties) $100 per party Planning (parties) $ 75 per party Renting equipment (parties, guests) $ 50 se per party plus...
Cathy, the manager of Cathy's Catering, Inc., uses activity-based costin the costs of her catered parties. Each party is limited to 20 guests and i people to serve and clean up. Cathy offers two types of parties-an afte and an evening formal dinner. The breakdown of the costs follows. Activities (and cost drivers) Advertising (parties) Planning (parties) Renting equipment (parties, guests) Obtaining insurance (parties) Serving (parties, servers) Preparing food (guests) Afternoon Picnic $ 111 per party $ 66 per party...
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 5 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) Advertising (parties) Planning (parties) Renting equipment parties, guests) Obtaining insurance (parties) Serving (parties, servers) Preparing food (guests) Afternoon Picnic $ 99 per...
- wy w way maNudhuldeturing Environment (LU 9-4,5) 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 Advertising (parties) $111 per party Planning (parties) $ 66 per party Renting equipment...
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...
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