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Ivanhoe's Recording Studio rents studio time to musicians in two - hour blocks. Each session includes the use of the studio facilities, a digital recording
Ivanhoe's Recording Studio rents studio time to musicians in twohour blocks. Each session includes the use of the studio facilities, a
digital recording of the performance, and a professional music producermixer Anticipated annual volume is sessions. The
company has invested $ in the studio and expects a return on investment of Budgeted costs for the coming year are as
follows:
a
Determine the total cost per session.
Total cost per sessionIvanhoe's Recording Studio rents studio time to musicians in twohour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producermixer Anticipated annual volume is sessions. The company has invested $ in the studio and expects a return on investment of Budgeted costs for the coming year are as follows:
Direct materials tapes CDs etc.
Direct labour
Variable overhead
Fixed overhead
Variable selling and administrative expenses
Fixed selling and administrative expenses
Per Session
$
Total
$
a
Determine the total cost per session. b Determine the desired ROI per session.
c Calculate the markup percentage on the total cost per session.
d Calculate the target price per session. PLEASE HELP ME WITH ALL SECTIONS
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