University Rings produces class rings. Its best-selling model has a direct materials standard of 11 grams of a special alloy per ring. This special alloy has a standard cost of $64 80 per gram. In the past month, the company purchased 11.800 grams of this alloy at a total cost of $761.100 A total of 11,500 grams were used last month to produce 1,000 rings Read the requirements