Question 13 of 14 -78 Joey'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 $2,000,000 in the studio and expects a return on investment (Roof 16,5% Budgeted costs for the coming year are as follows Total Per Session $60 $400 $50 Direct materials Itapes, CDs, etc) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 5850,000 $40 $800,000 Determine the total cost per session Total cost per session $ Determine the desired ROI per session Desired ROI per session $ Calculate the mark-up percentage on the total cost per session Mack-up percentage on the total cost per session Calculate the target price person Target nice peression 5