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 1.200 sessions. The company has invested $2.163.840 in the studio and expects a return on investment of 25% Budgeted costs for the coming year are as follows: (a) Per Session Total Direct materials (tapes, CDs, etc) $20 Direct labour 395 Variable overhead 45 Fixed overhead $1,164,000 Variable selling and administrative expenses 40 Fixed selling and administrative expenses 586.000 Your answer is correct Determine the total cost per session (b) (c) Total cost per session $ 1960 eTextbook and Media Your answer is correct Determine the desired ROI per session. (Round answer to 2 decimal places, es 15.25) Desired ROI per session $ eTextbook and Media 5000 Calculate the markup percentage on the total cost per session Mark-up percentage per session Attempts: 1 of 2 used Attempts: 1 of 2 used