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Ivanhoe'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 $$2,096,160$ in the studio and expects a return on investment of $25\%.$ Budgeted costs for the coming year are as

follows:

$($a$)$

Determine the total cost per session.

Total cost per sessionIvanhoe'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 $$2,096,160$ in the studio and expects a return on investment of $25\%.$ Budgeted costs for the coming year are as follows:

Direct materials $($tapes$,$ CDs$,$ etc.$)$

Direct labour

Variable overhead

Fixed overhead

Variable selling and administrative expenses

Fixed selling and administrative expenses

Per Session

$$20$

$415$

$50$

Total

$$1,170,000$

$50$

$570,000$

$($a$)$

Determine the total cost per session. $($b$)$ Determine the desired ROI per session.

$($c$)$ Calculate the mark$-$up percentage on the total cost per session.

$($d$)$ Calculate the target price per session. PLEASE HELP ME WITH ALL SECTIONS

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