aculating the Direct Materials Price Variance and the Direct Materials Usage Variance ilillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On verage, Guillermo has found that a typical oil change takes 24 minutes and 6.2 quarts of oll are used. In June, Guillermo's Oil and Lube had 980 oil changes. Guillermo's Oil and Lube Company provided the following information for the production of oll changes during the month of June: Actual number of oll changes performed: 980 Actual number of quarts of oil used: 6,020 quarts Actual price pald per quart of oil: $5.10 Standard price per quart of oll: $5.05 Required: 1. Calculate the direct materials price variance (MPV) and the direct materials usage variance (MUM) for June using the formula approach. If required, round your answers to the nearest cent. MPV Muv 9 2. Calculate the total direct materials variance for oil for June. If required, round your answer to the nearest cant. 3. What if the actual number of quarts of oil purchased in June had been 6,100 quarts, and the materials price variance was calculated at the time of purchase? 3. What if the actual in the time of purchase? What would be the materials price variance (MpV)? What would be the materials usage variance (MuV)? If required, round your answer to the nearest cent