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 1,190 sessions. The company has invested $2,356,200 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows. Per Session Total Direct materials (CDs, etc.) $20 Direct labor $415 Variable overhead $50 Fixed overhead $1,130,500 Variable selling and administrative expenses $45 Fixed selling and administrative expenses $595,000 Determine the total cost per session. Total cost $ eTextbook and Media per session Determine the desired ROI per session. (Round answer to 2 decimal places, e.g. 10.50.) ROI $ eTextbook and Media per session Calculate the markup percentage on the total cost per session. Markup percentage eTextbook and Media % per session Calculate the target price per session. (Round answer to 2 decimal places, e.g. 10.50.) Target price $ per session