Score: 0 of 20 pts 2of5 (0 complete) HW Score: 0%, 0 of 100 pts E11-19A (similar to) Question Help * Hallmark Rings produces class rings Its best-selling model has a direct materials standard of 12 grams of a special alloy per ring. This special alloy has a standard cost of S65.60 per gram. In the past month, the company purchased 12.800 grams of this alloy at a total cost of $838,400 A total of 12.500 grams were used last month to produce 1,000 rings Read the tequirements Requirement 1. What is the actual cost per gram of the special alloy that Hallmark Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Hallmark R ngs purchased last more, is $ 0 Requirements 1. What is the actual cost per gram of the special alloy that Hallmark Rings purchased last month? 2. What is the direct material price variance? 3. What is the direct material quantity variance? How might the direct material price vaniance for the company last month be causing the direct material quantity variance? Print Done