g the Direct Materials Price Variance and the Direct Materials Usage Varlance s Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On aver ound that a typical oil change takes 23 minutes and 7 quarts of oil are used. In June, Guilermo's Oil and Lube had 920 oll changes. Guillermo's Oil and Lube Company provided the following Information for the production of oll changes during the month of June: Actual number of oil changes performed: 920 Actual number of quarts of oil used: 6,580 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 varlance (MUV) for June using the formula approach. If required, round your answers to the nearest cent. MPV MUV 329 Unfavorable 707 Unfavorable 2. Calculate the total direct materials variance for oil for June. If required, round your answer to the nearest cent. 19,600 ated at the time of purchase? If required, round your answers to the nearest cent. 1. Calculate the direct materials price variance (MPV) and the direct materials usage variance (MUV) for June using the formuda approach. I required, ro your answers to the nearest cent. 329 Unfavorable teera MPV MUV 2. Calculate the total direct materials variance for oil for June. If required, round your answer to the nearest cent. 707 Unfavorable 19,600 Favorable 3. What if the actual number of quarts of oil purchased in June had been 6510 quarts, and the materials price variance was calculated at the time of purchase? If required, round your answers to the nearest cent. What would be the materials price variance (MPV)? What would be the materials usage variance (MUV)