Determine the total unit cost per session Total unit cost per session: S Determine the desired ROI per session. Desired ROI per session Calculate the mark-up percentage on the total unit cost per session. (Round answer to 2 decimal places, eg 20.57%)
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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![Determine the total unit cost per session.
Total unit cost per session: $
Determine the desired ROI per session.
Desired ROI per session 5
Calculate the mark-up percentage on the total unit cost per session. (Round answer to 2 decimal places, eg 20.57%J
Mark-up percentage on the total unit cost per session
Calculate the target selling price per session.
Target selling price per session 5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa71fdef6-625b-4f6b-ba60-dc697dcf35aa%2F1a942961-b665-4378-bed9-5d2318f7cf93%2F9ztrqg9_processed.jpeg&w=3840&q=75)
![Sunland'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 1.000 sessions. The
company has invested $1.880,000 in the studio and expects a return on investment (ROI) of 15%. Budgeted costs for the coming year
are as follows:
Direct materials
Direct labor
Variable overhead
Fixed overhead
Variable selling and administrative expenses
Fixed selling and administrative expenses
Determine the total unit cost per session
Total unit cost per session
5
Per Session
560
$299
$50
$40
Total
5799.000
$752,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa71fdef6-625b-4f6b-ba60-dc697dcf35aa%2F1a942961-b665-4378-bed9-5d2318f7cf93%2Fp4m9s7i_processed.jpeg&w=3840&q=75)
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