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) Your answer is correct Determine the total cost per session Determine the total cost per session Total cost per session $ Attempts: 1 of 2 used (b) Your answer is correct. Determine the desired ROI per session. (Round answer to 2 decimal places, 23. 15.25 349 Desired ROI per session $ Attempts: 1 of 2 used lo X Your answer is incorrect Calculate the markup percentage on the total cost per session Mark-up percentage per session