Roxys 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 1,040 sessions. The company has invested $2,026,000 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.)	$20
	Direct labour	400
	Variable overhead	60
	Fixed overhead			$1,008,800
	Variable selling and administrative expenses	45
	Fixed selling and administrative expenses			499,200

Determine the total cost per session.