Exercise 8-6 (Part Level Submission) 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 1,270 sessions. The company has invested $2,400,935 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 $410 $ 55 Direct materials (CDs, etc.) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,200,150 $ 40 $660,400 (a) Determine the total cost per session. Total cost per session $