company purchased 14,700 grams of this alloy at a total cost of $956,970. A total of 14,100 grams were used last month to produce 1,000 rings. Read the Requirement 1. What is the actual cost per gram of the special alloy that Ring World purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Ring World purchased last month is Requirements 1. What is the actual cost per gram of the special alloy that Ring World 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