qu33 chap 9

Cullumbers Recording Studio rents studio time to musicians in two hour blocks. Each session includes the use of the studio tacilities a digital recording of the pertormance, and a professional music producer/mber. Anticipated annual volume is 1,500 sessions the company has invested $1,999,200 in the studio and expects a return on investment of 25%. Eudgeted costs for the coming year are as follows: Calculate the target price per session. (Round answer to 2 decimal places, es. 15.25.)