Calculate the Target Price Per Session (Round answer to 2 decimals)

Pharoah's Recording Studiorents studio time to musicians in two-hour blocks. Eachsession includes the use of the studio facilities : digital recording of the performance, and a professional music producer/mixer. Anticipated annual volume is 1,500 sessions. The comparty has invested $2,055,300 in the studio and expects a return on investment of 25%. Budgeted costs for the coming year are as follows: Per Session Total $25 430 55 Direct materials (tapes, CDs, etc.) Direct labour Variable overhead Ford overhead Variable selling and administrative expenses Fond selling and administrative expenses $1,440.000 40 757.500