Homework: Chapter 11 Homework Score: 0 of 1 pt E11-19A (similar to) Ring World produces class rings. Its best-selling model has a direct materials standard of 9 grams of a special alloy per ring. This special alle produce 1,000 rings. Read the requirements Requirement 1. What is the actual cost per gram of the special alloy that Ring World purchased last month? (Round your answer to the nea The actual cost per gram of the special alloy that Ring World purchased last month is $ vuesuon Help of a special alloy per ring. This special alloy has a standard cost of $64.70 per gram. In the past month, the company purchased 10,000 grams of this alloy at a total cost of 5645,000. A total of 9,500 grams were used last month ast month? (Round your answer to the nearest cent.) LOSTI 564.70 per gram. In the past month, the company purchased 10,000 grams of this alloy at a total cost of cial alloy that Ring World purchased last month? (Round your answer to the nearest cent.) purchased last month is $ i Requirements 1. What is the actual cost per gram of the special alloy that Ling 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? Print Done Answer. Clear All