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Pina Colada'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

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Pina Colada'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 1.060 sessions. The company has lnvested $2,308,680 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows: Determine the total cost per session

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