Coronado'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 1,230 sessions. The company has invested $2,348,685 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows Total Direct materials (CDs, etc.) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Session $20 $415 $50 $1,174,650 $ 45 $645,750 (a) Determine the total cost per session. Total cost $ per session