Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's all and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found that a typical oil change tales 24 minutes and 6.2 quarts of oil are used in June, Guillermo's Oil and Lube had 080 oil changes. 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: 980 Actual number of quarts of oil used: 6,020 quarto Actual orice paid per quart of oil: 5.10 Standard prio per quart of oil: 15.05 Required: 1. Calculate the direct materiale price varlanco (MPVand the direct materiale tage variance (UV) for one using the formula approach. It required, round your answers to the nearest cent MPV MUV 2. Calculate the total direct materials variance for all for June, If required, round your answer to the nearest cent 3. What if the actual number of quarts of all purchased in Sune had been 6,100 quarts, and the materials price variance was calculated at the time of Durchado What would be the materials price variance (MPV) Required: 1. Calculate the direct materials price variance (MPV) and the direct materials usage variance (MUV) for June using the formula approach. If ra round your answers to the nearest cent. MPV MUV 2. Calculate the total direct materials variance for oil for June. If required, round your answer to the nearest cent. 3. What if the actual number of quarts of all purchased in June had been 6,100 quarts, and the materials price variance was calculated at the tir purchase? What would be the materials price variance (MPV)? What would be the materials usage variance (MUVI? If required, round your answer to the nearest cent