Calculatino Standard Quantities for Actual Production Guillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automiobiles and light trucks, On average, Guillerme has found that a typleal oil change takes 21 minutes and 6.2 quarts of od are used. In June, Guiltermo's oil and Lube had 960 oil changes. Required: 1. Calculate the number of quarts of oil that should have been used (SQ) for 960 oil changes. quarts 2. Calculate the hours of direct labor that should have been oused (SH) for 960 ci changes. direct labor hours 3. What if there had been 950 oll changes in Jume? Would the standard quantieies of ain (in quarts) and of direct labor hours be higher or lower than the amounts cakoulated in Fequiliements 1 and 2? What wotld the new standard quantities be? Round your answers to two decimal places. quarts direct labor hours