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 1,280 sessions. The company has invested $2,352,000 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows. Total Per Session $ 20.24 $403.00 $ 50.00 Direct materials (CDs, etc.) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,217,280 $ 40.00 $641,280 * Your answer is incorrect. Try again. Determine the total cost per session. (Round answer to 2 decimal places, e.g. 10.50.) Total cost 2851.74 per session LINK TO TEXT Determine the desired ROI per session. (Round answer to 2 decimal places, e.g. 10.50.) ROI 367.5 per session LINK TO TEXT X Your answer is incorrect. Try again. 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 * Your answer is incorrect. Try again. Calculate the target price per session. (Round answer to 2 decimal places, e.g. 10.50.) X Target price per session