Sunland'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 1,500 sessions. The company has invested $2,095 200 in the studio and expects a return on investment of 25% Budgeted costs for the coming year are as follows Total Per Session $20 380 40 Direct materials (tapes, CDs, etc.) Direct labour Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,447,500 45 735,000 (a) Determine the total cost per session Total cost per session Determine the desired ROI per session. (Round answer to 2 decimal places, e.g. 10.50.) Calculate the markup percentage on the total cost per session. (Round answer to 2 decimal places, 6.9. 10.50.)