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Crane'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
Crane'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 $2,200,000 in the studio and expects a return on investment (ROI) of 17%. Budgeted costs for the coming year are as follows. Determine the total unit cost per session. Total unit cost per session: $ Determine the total unit cost per session. Total unit cost per session: $ Determine the desired ROl per session. Desired ROl per session $ Calculate the mark-up percentage on the total unit cost per session. (Round answer to 2 decimal places, e.g. 20.57\%.) Mark-up percentage on the total unit cost per session %
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