University Rings producos class rings. Its best-selling model has a direct materials standard of 10 grams of a special alloy per ring: This special alloy has a standard cost of $63.70 per gram. in the past month, the company purchased 10,700 grams of this alloy at a total cost of $680,520. A total of 10.200 grams were used last month fo peoduce 1,000 rings. Read the reguirements. Requirement 1. What is the actual cost por gram of the special alloy that University Rings purchased last month? (Riound your answor to the nearest cent) The actual cost per gram of the special alloy that University Rings purchased last month is Recuirement 2 . What is the direct material price variance