Almas 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 $2,349,000 in the studio and expects a return on investment (ROI) of 21%. Budgeted costs for the coming year are as follows. Per Session Total Direct materials (CDs, etc.) $ 19.76 Direct labor $411.00 Variable overhead $ 54.00 Fixed overhead $973,350 Variable selling and administrative expenses $ 38.00 Fixed selling and administrative expenses $510,880 Determine the total cost per session. (Round answer to 2 decimal places, e.g. 10.50.) Total cost $ per session LINK TO TEXT Determine the desired ROI per session. (Round answer to 2 decimal places, e.g. 10.50.) ROI $ per session LINK TO TEXT Calculate the markup percentage on the total cost per session. (Round answer to 2 decimal places, e.g. 10.50.) Markup percentage % per session LINK TO TEXT Calculate the target price per session. (Round answer to 2 decimal places, e.g. 10.50.) Target price $ per session