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