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Ivanhoe's Recording Studio rents studio time to musicians in 2 - hour blocks. Each session includes the use of the studio facilities, a digital recording

Ivanhoe'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 $1,720,000 in the studio and expects a return on investment (ROI) of 15%. Budgeted costs for the coming year
are as follows.
(a)
Determine the total unit cost per session.
Total unit cost per session: ,$
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(b)
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