Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Vartance Guillermo's On and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found thera typical oil change taken 18 minutes and 6.2 quarts of all are used. In June, Guillermo's Oil and tube had 990 oil changes. Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June: Actual number of oll changes performed: 990 Actual number of direct labor hours worked: 292 hours Actual rate paid per direct labor hour: $15.00 Standard rate per direct labor hour: $14.50 Required: 1. Calculate the direct inborrate variance (LRD) and the direct labor efficiency variance (LEV) for June using the formula approach. Direct labor rate variance (URV) Unfavorable Direct labor efficiency variance (LEV) Favorable 2. Calculate the direct labor rate variance (RV) and the direct labor efficiency variance (LEV) for June Direct labor rate variance (URV) Unfavorable Direct labor efficiency variance (LV) Favorable 3. Calculate the total direct labor variance for a changes for lune Unfavorable 4. What if the actual wage rate paid in June was $14.00? What impact would that have had on the direct laborate variance (RV On the direct labor efficiency variance (LEV? Indicate what the new variances would be below. If required, round your answers to the nearest Cint Direct laborate variance (V) Direct labor rate variance (LRV) Unfavorable Direct labor efficiency variance (LEV) Favorable 3. Calculate the total direct labor variance for oil changes for June. Unfavorable 4. What if the actual wage rate paid in June was $14,00% What impact would that have had on the direct labor rate variance (LAVIY On the direct labor efficiency varias (LEV)? Indicate what the new variances would be below. If required, round your answers to the nearest ont Direct labor rate variance (URV): Favorable Direct labor efficiency variance (LEV): Favorable