Exercise 9.1 was added for reference.

Exercise 9.2 Calculating the Direct Materials Price Variance an d the OBJECTIVE S co Materials Usage Variance CORNERSTONE 9.2 rnerstone Exercise 9.1. Guillermo's Oil and Lube C er ton for the production of oil changes during the month of June: ompany provided the following 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: S5.05 Required Calculate the direct materials price variance (MPV) and the direct materials usage variance (MUV) for June using the formula approach. , Calculate the direct materials price variance (MPV) and the direct materials usage variance (MUV) for June using the graphical approach. Calculate the total direct materials variance for oil for June. What i the actual number of quarts of oil purchased in June had been 6,100 quarts, and the materials price variance was calculated at the time of purchase? What would be the materi- als price variance (MPV)? The materials usage variance (MUV)