Question 33 of 33 > 18/24 E View Policies Show Attempt History Current Attempt in Progress Oriole's Recording Studio rents studio time to musicians in two-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 1,100 sessions. The company has invested $2,064,480 in the studio and expects a return on investment of 25%. Budgeted costs for the coming year are as follows: Per Session Total Direct materials (tapes, CDs, etc.) $25 Direct labour 385 Variable overhead 45 $1,056,000 Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 40 550,000 (a) Your answer is correct. Determine the total cost per session. Total cost per session $ 1955 Attempts: 1 of 2 used (b) Your answer is correct. Determine the desired ROI per session. (Round answer to 2 decimal places, eg. 15.25.) Desired ROI per session $ 469.2 Attempts: 1 of 2 used (c) Your answer is correct. Calculate the markup percentage on the total cost per session. Mark-up percentage per session 24 % Attempts: 1 of 2 used (d) ( Calculate the target price per session. (Round answer to 2 decimal places, eg. 15.25.) Target price per session $ Save for Later Attempts: 0 of 2 used Submit