Roxys Recording Studio rents studio time to musicians in two-hour blocks. Each session includes the...
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Roxys 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 1,040 sessions. The company has invested $2,026,000 in the studio and expects a return on investment of 25%. Budgeted costs for the coming year are as follows:
| Per Session | Total | ||||
| Direct materials (tapes, CDs, etc.) | $20 | ||||
| Direct labour | 400 | ||||
| Variable overhead | 60 | ||||
| Fixed overhead | $1,008,800 | ||||
| Variable selling and administrative expenses | 45 | ||||
| Fixed selling and administrative expenses | 499,200 |
Determine the total cost per session.
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