Current Attempt in Progress Wildhorse'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 1,400 sessions. The company has invested $2,212,000 in the studio and expects a return on investment of 20%. Budgeted costs for the coming year are as follows: (a) Per Session Total Direct materials (tapes, CDs, etc.) $20 Direct labour 400 Variable overhead 45 Fixed overhead $1,330,000 Variable selling and administrative expenses 40 Fixed selling and administrative expenses 728,000 Your answer is correct. Determine the total cost per session. Total cost per session $ eTextbook and Media 1975 Attempts: 1 of 2 used (b) Determine the desired ROI per session. (Round answer to 2 decimal places, e.g. 15.25.) Desired ROI per session $ eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer