Guiliermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automoblles and Eght trucks. On average, Guilermo has found that a typical oil change takes 21 minutes and 6.8 quarts of oit are used. In June, Gullermo's Oil and Lube had 940 oil changes. Guillermo's Olland Lube Company provided the following information for the production of oll changes during the month of June: Actual number of oil changes performed: 940 Actual number of quarts of oll used: 6,560 quarts Actual price paid per quart of oil: 55,40 Standard price per quart of oil: $5,35 Required: 1. Calculate the direct materials price variance (MPV) and the direct materials usage variance (Mi/) for June using the formula approach. If required, round your answers to the nearest cent. MPV MUN 1 2. Calculate the total direct materials Pariance for oil for June. If required, round your answer to the nearest cent. 3. What if the actual number of quarts of eil purchased in June had been 6,470 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 matenals usage variance (MUM)