Ayayai'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 1,000 sessions. The company has invested $2,316,000 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows. (a) Determine the total cost per session. Total cost. 5 per session