A local recording studion rents its facilities for $200 per hour. Management charges only for the number of minutes used. Create a project in which the input is the name of the group and the number of minutes it used the studio. Your program calculates the appropriate charges, accumulates the total charges for all groups, and computes the average charge and the number of groups that used the studio.

Question

Form: Use labeled text boxes for the name of the group and the number of minutes used. The charges for the current group and the number of minutes used. The charges for the current group should be displayed formatted in a label (see formatcurrency hint below). Create a frame for the summary information. Inside the frame, display the total charges for all groups, the number of groups, and the average charge per group. Format all output appropriately (again, see formatcurrency hint below).

Code: Use a constant for the rental rate per minute.