Calculating Standard Quantities for Actual Production Gulliermo's Oil and Lube Company is a service company that offers oll changes and lubrication for automobiles and light trucks. On average, Gulliermo has found that a typical oll change takes 27 minutes and 6.7 quarts of oil are used. In June, Guillermo's os and Lube had 960 of changes. Required: 1. Calculate the number of quarts of oil that should have been used (SQ) for 950 oil changes quarts 2. Calculate the hours of direct labor that should have been used (5H) for 960 oll changes. direct labor hours 3. What if there bad been 950 ol changes in June? Would the standard quantities of od (in quarts) and of direct labor hours be higher or lower than the amounts calculated in Requirements 1 and 2 ? What would the new standard quantities be? Round your answers to two decimal places: \begin{tabular}{ll} SQ & quarts \\ SH & direct labor hours \end{tabular}