Current Attempt in Progress 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/mber. Anticipated annual volume is 1,260 sessions. The company has invested $2,358,090 in the studio and expects a return on investment (ROI) of 20 % Budgeted costs for the coming year are as follows Per Total Session $20 Direct materials (CDs, etc) Direct labor $400 Variable overhead $50 Fixed overhead $1,197,000 Variable selling and administrative expenses $45 $636 300 Fixed selling and administrative expenses Determine the total cost per session Total cost $ per session e Textbook and Media (Round answer to 2 decimal places, ea. 10.50) Determine the desired ROI per session ROI $ per session 645 Ph A dx 10/18/20 e Textbook and Media Calculate the markup percentage on the total cost per session. Markup percentage % per session e Textbook and Media Calculate the target price per session. (Round answer to 2 decimal places, eg. 10.50.) Target price $ per session e Textbook and Media ndsrdahnl