Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 8 grams of a special alloy per ring. This special alloy has a standard cost of $63.70 per gram. In the past month, the company purchased 8,700 grams of this alloy at a lotal cost of $63.320. A lotal of 8,100 grams were used last month to produce 1,000 rings Read the requirements Requirement 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? (Round your answer to the nearest cont.) The actual cos per gram of the special alloy that Collegiate Rings purchased last month is $ 0 Requirements 1. What is the actual cost per gram of the special alloy thal Collegiate Rings purchased last month? 2. What is the direct material price variance? 3. What is the direct material quantity variance? 4. How might the direct material price variance for the company last month be causing the direct material quantity variance? Print Done