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Halimark Rings produces class rings. Its besi-seling model has a direct materials standard of 8grams...

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Accounting

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Halimark Rings produces class rings. Its besi-seling model has a direct materials standard of 8grams of a special alloy per ring. This special alloy has a standard cost of 564.60 per gram. In the past month, the company purchased 8,700 grams of this alloy at a total cost of $561,150. A total of 8,200 grams were used last moath to produce 1,000 rings. Read the recuirements 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 Halmark Rings purchased last month is

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