University fings produces dass rings. Its besk-selling model has a ditect materials standand of 14 grams of a special alloy per fing. This special alloy has a standard cost of $64.70 per gram. In the past month. the compary purchasod 15,000 grams of this alloy at a total cost of 5963,000 . A sotas of 14,500 grams wore usod last month to produce 1,000 rings. Read the reguirements. Requirement 1. What is the actual cost per gram of the special alloy that University Rings punchased last month? (Round your answer to the noarest cent.) The actual cost per gram of the spocial alioy that University Rings purchased tast 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