Calculating Standard Quantties for Actual Production Gullermo's Ot and Lube Company is a service company that olfers oil changes and lubrication for automobiles and light trucks. On average, Gulliermo has found that a typical oll change takes 24 minutes and 6.1 quarts of ou are used. In June, Gulliemo's Oul and lube had 940 oll changes Required: 1. Calculate the number of quarts of ol that should have been used (SQ) for 940 oll changes quarts 2. Calculate the hours of direct labor that should have been used (5H) for 940 oll changes. direct labor hours 3. What if there had been 930 oil changes in June? Would the standard quantibies of oil (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 anwers to two decimbl ploces. quarts direct labor hours