Collegiate Rings produces class rings. Its bestselling model has a direct materials standard of 10 grams of a special alloy per ring. This special alloy has a standard cost of $55.10 per gram. In the past month, the company purchased 10.500 grams of this alloy at a total cost of $678,300. A sotal of 10,100 grams were used last month to produce 1.000 rings Read the Queen 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 cent) The actual cost per gram of the special alloy that Collegiate Rings purchased last months Requirements 1. What is the actual cost per gram of the tecial alloy that Colegio Ringe 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 rance for the company last month be causing the direct material quantity variance? Print Done