PRINTER VERSION BACH NEXT Exercise 22-6 (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 1,230 sessions. The company has invested $2,352,000 in the studio and expects a return on investment (ROI) of 19%. Budgeted costs for the coming year are as follows. Per Session 19.62 $403.00 54.00 Total Direct materials (CDs, etc.) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses35.00 Fixed selling and administrative expenses 1,166,040 $610,080