CAICLATOR FULL SCREEN PR?NTE R VERSION «BACK Exercise 8-6 (Part Level Submission

Question

CAICLATOR FULL SCREEN PR?NTE R VERSION «BACK Exercise 8-6 (Part Level Submission) ?ma's Recording Studio rents studio t me to musicians in 2-hour blods. Each session includes the use of the studio facities a distal recor no of the performance, and professional music producer/mixer. Anticipated annual voloume is 1,170 sessions. The company has invested $2,341,000 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows. Per Session $ 20.38 410.00 47.00 Total Direct materials (CDs, etc.) Direct labor Variable overhead Fixed overhead Variable selling and administrative expense Fixed selling and administrative expenses $1,117,350 1.00 $579,150 ?Your answer is correct. Determine the total cost per session. (Round answer to 2 decimal places, e.g. 10.50.) otal cost .38 per session SHOW SOLUTION NTO TEXT

Explanation / Answer

B) Calculate desired ROI per session :

Desired ROI per session = 2341000*20%/1170 = 400.17 per session

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