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Roxys Recording Studio rents studio time to musicians in two-hour blocks. Each session includes the...

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Accounting

Roxys 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 1,040 sessions. The company has invested $2,026,000 in the studio and expects a return on investment of 25%. Budgeted costs for the coming year are as follows:

Per Session Total
Direct materials (tapes, CDs, etc.) $20
Direct labour 400
Variable overhead 60
Fixed overhead $1,008,800
Variable selling and administrative expenses 45
Fixed selling and administrative expenses 499,200

Determine the total cost per session.

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