Need all reqs to both :)

University Rings produces class rings. Its best-selling model has a direct materials standard of 9 grams of a special alloy per ring. This special alloy has a standard cost of $63.80 per gram. In the past month, the company purchased 9,300 grams of this alloy at a total cost of $591.480. A total of 9,200 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 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 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 Help me solve this Video Get more help. Clear all Check answer Sorrentino Tax Services prepares tax returns for senior citizens. The standard in terms of (direct labor) time spent on each return is 2 hours. The direct labor standard wage rate at the firm is $18.50 per hour. Last month, 1,390 direct labor hours were used to prepare 700 tax returns. Total wages were $26,410. Read the requirements. Requirement 1. What is the actual (direct labor) wage rate per hour paid last month? (Round your answer to the nearest cent.) The actual (direct labor) wage rate per hour paid last month is Requirements 1. What is the actual (direct labor) wage rate per hour paid last month? 2. What is the direct labor rate variance? 3. What is the direct labor efficiency variance? 4. How might the direct labor rate variance for the firm last month be causing the direct labor efficiency variance? Print Done Clear all Check answer Help me solve this Video Get more help