Answer:
a. $1,042
b. $1,864
Explanation:
a. The computation of cost of a 20-guest afternoon picnic is shown below:-
Particulars Amount
Advertising $89 ($89 × 1 per party)
Add: Renting equipment $251 ($51 × 1 per party) + ($10 × 20 guests)
Add: Planning $90 ($90 × 1 per party)
Add: Obtaining insurance $155 ($155 × 1 per party)
Add: Preparing foods $320 ($19 × 20 per party)
Add: Serving $140 ($58 × 5 servers)
Total cost of afternoon picnic $1,042
b. The computation of cost of a 20-guest afternoon picnic is shown below:-
Particulars Amount
Advertising $89 ($89 × 1 per party)
Add: Planning $134 ($134 × 1 per party)
Add: Renting equipment $277 ($77 × 1 per party) + ($10 × 20 guests)
Add: Obtaining insurance $430 ($430 × 1 per party)
Add: Serving $395 ($79 × 5 servers)
Add: Preparing foods $540 ($27 × 20 guests)
Total cost of evening formal dinner $1,864
