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Almas recording studio rents studio time to musicians in

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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 1,300 sessions. The company has invested $2,342,600 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows.
Per Session
Total

Direct materials (tapes, CDs, etc) $ 20.26





Direct labor $ 397.68





Variable overhead $ 47.21





Fixed overhead



$ 1,238,172

Variable selling and administrative expenses $ 41.61





Fixed selling and administrative expenses



$ 647,231

Determine the desired ROI per session.

Reference no: EM13589511

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