Ruiz 4: Problems for Standard Co eBook Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June: Actual number of oil changes performed: 920 Actual number of quarts of oil used: 6,200 quarts Actual price paid per quart of oil: $5.00 Standard price per quart of oil: $4.90 Required: 1. Calculate the direct materials price variance (MPV) and the direct materials usage variance (MUV) for June using the formula approach. If required, round your $ MPV Unfavorable 620 S MUV Unfavorable 2,430.4 2. Calculate the total direct materials variance for oil for June. If required, round your answer to the nearest cent. 3,050.4 Unfavorable 3. What if the actual number of quarts of oil purchased in June had been 6150 quarts, and the materials price variance was calculated at the time of purchase? If re What would be the materials price variance (MPV)? S 615 Unfavorable What would be the materials usage variance (MUV)? 2,185.40 X Unfavorable Feedloads