a botal cost of $553 350 A total of &.200 grams were used last month to produce 1,000 nings Read the tamts Regarement 1. Whit is te adual cosot per gram of the special alloy that Unversit R parchases ast month? gRound your to the earest cent The scual cost per gram of the special alloy that University Rngs purhasedlast month is Requirement 1. What is the aual coper gram of the special alloy hat Unversity Rings 2. what is the dired marice xriance? company ast be causing the dred material garity Pyi Done class rings. Its best-selling model has a direct maternials standard of 8 grams of a special alloy per ring This special alloy has a standard cost of University Rings produces c 565.60 per gram. In the past month, the company purchased 8,500 grams of this al rings ,000 oy at a total cost of $553,350. A total of 8,200 grams were used last month to produce 1 i Read the requirements Requirement 1. What is the actual cost per gram of the special alloy that University Rings purchased last month? /Round your answer to the nearest cent) The actual cost per gram of the special alloy that University Rings purchased last month is $ Requirements 1. What is the actual cost per gram of the special alloy that University Rings purchased last month? 2. What is the direct matenial price varlance? 3. What is the direct material cuantity variance? How might the direct material price vaiance for the company last month be causing the diredt material quanity variance? Print Done