$\frac{-}{1}$

Pronghorn's Recording Studio rents studio time to musicians in $2-$hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer$/$mixer$.$ Anticipated annual volume is $1,030$ sessions. The company has invested $$2,357,155$ in the studio and expects a return on investment $($ROI$)$ of $20\%.$ Budgeted costs for the coming yea are as follows.

$\backslash$table$[[,\backslash$table$[[$Per$],[$Session$]],$Total$],[$Direct materials $($CDs$,$ etc.$),$$$20,],[$Direct labor,$$410,],[$Variable overhead,$$55,],[$Fixed overhead,,$$973,350$