Question 33 of 33 - / 24 ili View Policies 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 Fixed overhead $1,056,000 Variable selling and administrative expenses 40 Fixed selling and administrative expenses 550,000 (a) Determine the total cost per session. Total cost per session $ Save for Later