Exercise 8-6 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 costs for the coming year are as follows. | music producer/mixer. Anticipated annual volume is 1,100 sessions. The company has invested $2,352,800 in the studio and expects a return on investment (ROI) of 21%. Budgeted Per Session 19.57 411.47 47.80 Total Direct materials (tapes, CDs, etc) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses $1,047,200 $ Variable selling and administrative expenses Fixed selling and administrative expenses 36.71 36.71 $ 554,653 Determine the total cost per session. (Round answer to 2 decimal places, e.g. 10.50.) Total cost s per session Determine the desired ROI per session. (Round answer to 2 decimal places, e.g. 10.50.) ROI per session