Question: B. DETERMINE DESIRED ROI PER SESSION. C. Calculate the markup percentage on the total cost per session. D. CALCULATE TARGET PRICE PER SESSION. Exercise 8-6

B. DETERMINE DESIRED ROI PER SESSION.

C. Calculate the markup percentage on the total cost per session.

D. CALCULATE TARGET PRICE PER SESSION.

Exercise 8-6 (Part Level Submission) Alma's Recording Studio rents studio time to musicians in 2-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 1,090 sessions. The company has invested $2,343,000 in the studio and expects a return on investment (ROI) of 22%. Budgeted costs for the coming year are as follows. Per Total Session 19.80 $407.00 55.00 Direct materials (CDs, etc.) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses 35.00 Fixed selling and administrative expenses $1,033,320 $542,820 Determine the total cost per session. (Round answer to 2 decimal places, e.g. 10.50.) Total cost per session

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