Oriole'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 $1,760,000 in the studio and expects a return on investment (ROI) of 15%. Budgeted costs for the coming year are as follows. Per Session Total Direct materials Direct labor Variable overhead $60 $398 $50 Fixed overhead $748,000 Variable selling and administrative expenses $40 Fixed selling and administrative expenses $704,000 Determine the total unit cost per session. Total unit cost per session: eTextbook and Media Determine the desired ROI per session. Desired ROI per session +A 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 di % eTextbook and Media Calculate the target selling price per session. Target selling price per session $