Alma'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 1,070 sessions. The company has invested $2,295,150 in the studio and expects areturn on investment (ROI) of 20%. Budgeted costs for the coming year are as follows Total Per Session $20 $405 $ 45 Direct materials (CDs, etc.) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,011,150 $40 $529,650 Determine the total cost per session Total cost $ per session e Textbook and Media Determine the desired ROI per session. (Round answer to 2 decimal places, eg. 10.50) ROI $ per session Determine the desired ROI per session, (Round answer to 2 decimal places, eg. 10.50.) ROI $ per session e Textbook and Media Calculate the markup percentage on the total cost per session, Markup percentage % per session eTextbook and Media Calculate the target price per session. (Round answer to 2 decimal places, es. 10.50) Target price $ per session e Textbook and Media