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Sheridan's Recording Studio rents studio time to musicians in two - hour blocks. Each session includes the use of the studio facilities, a digital recording

Sheridan'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 1,300 sessions. The
company has invested $2,043,600 in the studio and expects a return on investment of 20%. Budgeted costs for the coming year are as
follows:
(a)
Determine the total cost per session.
Total cost per session $
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