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Oriole's Recording Studio rents studio time to musicians in two-hour blocks. Each session includes the...

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Accounting

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Oriole'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 1.100 sessions. The company has invested $2,064,480 in the studio and expects a return on investment of 25%. Budgeted costs for the coming vear are as follows: Determine the total cost per session. Determine the desired ROI per session. (Round answer to 2 decimal places, eg. 15.25.) Desired ROI per session Calculate the markup percentage on the total cost per session. Calculate the target price per session. (Round answer to 2 decimal places, es. 15.25.)

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